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Assuming all the ownership and use requirements are met, which of the following is correct with respect to gains on the sale of a personal

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Assuming all the ownership and use requirements are met, which of the following is correct with respect to gains on the sale of a personal residence for a married couple? Only the gain amount over 500,000 is recognized. The full amount of the gain is recognized. Gains are not recognized Only a gain up to 500,000 is recognized

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