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At an in-house staff training seminar, you are outlining the evolution of the '121 home sale exclusion. you should explain that under the immediate predecessor

At an in-house staff training seminar, you are outlining the evolution of the '121 home sale exclusion. you should explain that under the immediate predecessor to the current '121 rule, the gain on a sale of a primary residence that could be excluded from gross income was:

A. up to $35,000.

B. up to $65,000.

C. up to $100,000.

D. up to $125,000.


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