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On November 1 year 1. Jamie (who is single purchased and moved into her principal residence in the early part of year 2, Jamie was

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On November 1 year 1. Jamie (who is single purchased and moved into her principal residence in the early part of year 2, Jamie was laid off from her job on February 1 year 2. Jamie sold the home at a $60,500 gain. She sold the home because she found a new job in a different state. How much of the gain, if any, may Jamie exclude from her gross income in year 2? Multiple Choice $6,050. O $2.250 $31,250. O $0. $60,500

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