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Isaac owned and lived in a home for five years before marrying Rebekah. Isaac and Rebekah (married, filed jointly) lived in the home together for
Isaac owned and lived in a home for five years before marrying Rebekah. Isaac and Rebekah (married, filed jointly) lived in the home together for another two years (as their principal residence) before selling it at a $500,000 gain. Isaac was the sole owner of the residence until it was sold. How much of the gain may Isaac and Rebekah exclude
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