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QUESTION 29 Mr. and Mrs. Axelson sold their main home in January 2021 for $325,000. Selling expenses were $20,000. The Axelsons purchased the house

QUESTION 29 Mr. and Mrs. Axelson sold their main home in January 2021 for $325,000. Selling expenses were $20,000. The Axelsons purchased the house 30 years ago for $40,000. The gain reported on the Axelsons' joint tax return is: SO. $15,000. $35,000 $265,000. none of the above.

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