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ross and rachel purchased a home in 2020. sadly rachel divorced ross leaving ross with a house. he cant really afford the house alone so

ross and rachel purchased a home in 2020. sadly rachel divorced ross leaving ross with a house. he cant really afford the house alone so he sells it in 2021 for $600,000. the house was ross's primary residence for 292 days over the past two years. the basis is $325,000. assume no prior 121 exclusion has been used. how much will ross's agi increase due to selling the house? hint: use 730 days as a replacement for 24 months when calculating the exclusion.
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O SCUDO O $500,000 @so O $380,000 O $130,000 QUESTION 2 Ross and Rachel purchased a home in 2020. Sadly Rachel divorced Ross leaving Ross with the house He can't really afford the house alone so he sells itin 2021 for $600,000. The house was Ross's primary residence for 292 days over the past 2 years. The basis is $325,000. Assume no prior 121 exclusion has been used. How much will Ross's AG increase due to selling the house? Hint use 730 days as a replacement for 24 months when calculating the exclusion O $175,000 O $0 $150,000 O $600,000 O $50,000 QUESTION 3

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