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Leonard and Linda Lindsay sold for $768400 in October 2022 their residence that they had purchased in 2012 for $118400. They made major capital improvements

Leonard and Linda Lindsay sold for $768400 in October 2022 their residence that they had purchased in 2012 for $118400. They made major capital improvements during their 10-year ownership totaling $32000. Suppose they moved into a smaller home costing $200,000. What is their excluded gain?

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