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Individuals may take a exclusion on the gain on a sale of a principal residence. For sales which occurred after 1997, what is the maximum

Individuals may take a exclusion on the gain on a sale of a principal residence. For sales which occurred after 1997, what is the maximum exclusion now permitted for a couple filing a joint return?

a. $500,000 b. $ 75,000 c. $100,000 d. $125,000

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