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Simonne, a single taxpayer, bought her home in La Jolla 25 years ago for $55, 000. She has lived continuously in the home since she

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Simonne, a single taxpayer, bought her home in La Jolla 25 years ago for $55, 000. She has lived continuously in the home since she purchased it. In the current year, she sells her home for $405, 000. What is Simonne's taxable gain on the sale? $90, 000 $100, 000 $350, 000 $0

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