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Bonnie and Clyde get married and buy a home for $25,000. After 5 years, they file for divorce. As part of the divorce decree, Bonnie

Bonnie and Clyde get married and buy a home for $25,000. After 5 years, they file for divorce. As part of the divorce decree, Bonnie can live in the home until she reaches the age of 65, at which point the house will be sold and they will divide the gain equally. 


How much of the gain, if any, can Clyde exclude from his taxable income?  

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