Dave and Susan bought a house in 2015 and have been living there ever since.

They paid $450,000 for the house and are being offered $850,000 to sell the house

in 2022. Which of the following is true if Dave and Susan file a joint tax return?

0 They will report a $400,000 long term capital gain

They will report a $150,000 long term capital gain

(

They will report $0 of capita gains

They will report a $400,000 short term capital gain