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Tina purchased a house for $240,000 to use as her principal residence. After living in the home for 3 years, Tina sold it for $400,000.

Tina purchased a house for $240,000 to use as her principal residence. After living in the home for 3 years, Tina sold it for $400,000. What is the tax treatment of the sale of her home? a. A $0 g...

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