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TB MC Qu. 05-89 (Algo) This year, Barney and Betty sold their home... This year, Barney and Betty sold their home (soles price $840,000; cost
TB MC Qu. 05-89 (Algo) This year, Barney and Betty sold their home... This year, Barney and Betty sold their home (soles price $840,000; cost $228,000 ). All closing costs were paid by the buyer Barney and Betty owned and lived in their home for 18 months. Assuming no unusual or hardship circumstances apply, how much of the gain is included in gross income? Multuple Choice $612,000 $200,000 None of the cholces are correct $52.000 $334.000
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