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Bailey, a single taxpayer, purchased a home for $402,000. She moved into the home on September 1, 2018. She lived in the home as
Bailey, a single taxpayer, purchased a home for $402,000. She moved into the home on September 1, 2018. She lived in the home as her primary residence until July 1, 2022, when she sold the home for $683,400. If Bailey's tax rate on long-term capital gains is 15%, what amount of tax will she pay on the $281,400 gain?
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