Calvin and Carolyn Coleman purchased a home in San Francisco for $375,000 on October 1, 2017. Calvin obtained a job in Portland, Oregon, and on December 1, 2018, the Colemans sold their home in San Francisco for $650,000. How much gain must the Colemans recognize? (Use this to answer question below)

Assume that the Colemans in the preceding problem instead sold their home on December 1, 2018, for $800,000. How much gain must the Colemans recognize? $425,000 $291,667 $0 $133,333 None of the above.