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Dilbert purchased a home 10 years ago, where he has lived ever since with his coworker Wally. He purchased the home for $100,000 and recently

Dilbert purchased a home 10 years ago, where he has lived ever since with his coworker Wally. He purchased the home for $100,000 and recently sold it for $600,000. 


How much of the gain must Dilbert report on his income tax return? Show your calculations.

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