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AreaSimone, a single taxpayer, bought her home in Orlando 2 5 years ago for $ 5 5 , 0 0 0 . She has lived

AreaSimone, a single taxpayer, bought her home in Orlando 25 years ago for $55,000. She has lived continuously in the home since she purchased it. In the current year, she sells her home for $405,000. What is Simone's taxable gain on the sale?
a. $350,000
b. $90,000
c. $0
d. $100,000

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