$!$

Required information

$[$The following information applies to the questions displayed below.$]$

This year, Leron and Sheena sold their home for $$750,000$ after all selling costs. Under the following scenarios, how much

taxable gain does the home sale generate for Leron and Sheena? Assume that the couple is married filing jointly.

Note: Leave no answer blank. Enter zero if applicable.

a$.$ Leron and Sheena bought the home three years ago for $$150,000$ and lived in the home until it sold.

Taxable gain