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This year, Leron and Sheena sold their home for $892,500 after all selling costs. Under the following scenarios, how much taxable gain does the home

image text in transcribedThis year, Leron and Sheena sold their home for $892,500 after all selling costs. Under the following scenarios, how much taxable gain does the home sale generate for Leron and Sheena? (Leave no answer blank. Enter zero if applicable.) b. Leron and Sheena bought the home one year ago for $685,500 and lived in the home until it sold.

Required information (The following information applies to the questions displayed below.) This year, Leron and Sheena sold their home for $892,500 after all selling costs. Under the following scenarios, how much taxable gain does the home sale generate for Leron and Sheena? (Leave no answer blank. Enter zero if applicable.) b. Leron and Sheena bought the home one year ago for $685,500 and lived in the home until it sold. Taxable gain

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