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Olessa, single and age 60, sold her home for $548,461 after living there for 20 years. Her selling expenses were $12,455 and her adjusted basis

Olessa, single and age 60, sold her home for $548,461 after living there for 20 years. Her selling expenses were $12,455 and her adjusted basis in that home was $220,000. What is the gain that Olessa must report in connection with the sale of her principal residence?

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