Mr. and Mrs. Darwin sold their principal residence on September 12, 2018, and purchased and moved into a new residence three weeks later. They excluded their $353,000 gain realized on this sale from gross income. On October 2, 2019, the Darwins realized a gain on the sale of the new residence. Which of the following statements about this second gain is true?

Group of answer choices

None of the other statements is true.

The Darwins may not exclude any of the gains from gross income.

If the Darwins sold the new residence because of a change in place of Mr. Darwin's employment, they may exclude up to $500,000 of the gain from gross income.

The Darwins may exclude $147,000 of the gain from gross income.