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please show work Lisa and Rachel are married and file jointly. They purchased a personal residence in 2000 for $300,000 and sold it this year

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Lisa and Rachel are married and file jointly. They purchased a personal residence in 2000 for $300,000 and sold it this year for $1,000,000. They lived there the entire time. Which of the following is true? Select one or more: a. Lisa and Rachel recognize ordinary income of $200,000. b. Lisa and Rachel have a realized gain of $700,000 c. If instead of living together, Rachel had lived in her apartment up until one year ago, then they could exclude only $250,000 d. Lisa and Rachel recognize a LTCG of $200,000. e. Lisa and Rachel can exclude $500,000 of the gain on the property

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