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Jeff is a single taxpayer who sold his home when he was transferred from NY to Denver by hisemployer. He purchased the home on January

Jeff is a single taxpayer who sold his home when he was transferred from NY to Denver by hisemployer. He purchased the home on January 10, 2015. He was sent by his company for temporaryassignment to Detroit on February 1, 2018. He was gone for 16 months in 2018 and 2019, duringwhich time he rented out his home. He moved back in to the home on June 3, 2019. He sold the home on March 15, 2022. Jeff can claim an exclusion of gain on the sale up to :Choose one answer.


a. $500,000 


b. $300,000 


c. $250,000


d. $0

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