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During 2021 Judy decides to sell her residence, which had a basis of $300,000. She had owned and occupied the residence for 20 years. She

During 2021 Judy decides to sell her residence, which had a basis of $300,000. She had owned and occupied the residence for 20 years. She sold the house in May for $880,000. What is Judys recognized gain? A. $580,000 B. $250,000 C. $330,000 D. $0

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