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Angel, who is head of household, sold his main home on January 1, Year 15, for $440,000. He lived in the home for 14 years
Angel, who is head of household, sold his main home on January 1, Year 15, for $440,000. He lived in the home for 14 years before the sale. His purchase cost was $200,000 but he took a total of $30,000 of depreciation on his home office. How much gain can he exclude on the sale?
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