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Murray (age 68, single) sold his home owned for 35 years so that he could relocate to a place that is closer to where

"Murray (age 68, single) sold his home owned for 35 years so that he could relocate to a place that is closer to where his grandchildren live. He realized a $400,000 capital gain on the home. Murray's tax liability on capital gain is computed on a. $150,000 b. $0 c. $300,000 d. $400,000 e. $250,000"

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