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Daniel owns a home that they purchased for $ 7 4 3 , 2 6 4 in January 2 0 0 1 and moved into
Daniel owns a home that they purchased for $ in January and moved into the home immediately. On February th Daniel got married and lived with their spouse in the home until March when they got divorced. In March their spouse moved out but Daniel retained ownership of the property. Daniel lived in the home until March After that date, Daniel had moved out and began renting the property from April May th Total depreciation on the home during the rental period was $ and Daniel claimed the full amount of depreciation on their tax returns in prior years.The home was sold on May st for $Please calculate the taxable gain on sale if any AFTER factoring in Daniel's Section exclusion. If the total taxable gain after the exclusion is please write DO NOT write NA or say no gain" or excluded" only numerical values are accepted
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