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True or False: Ron and Fay live in Buffalo. They also own a condominium in Orlando (purchased in 2011) which they rent to vacationers. Ron
True or False: Ron and Fay live in Buffalo. They also own a condominium in Orlando (purchased in 2011) which they rent to vacationers. Ron and Fay will be retiring. They plan to live in the Orlando property for two and a half years. When they sell it, they will be able to exclude the full gain which is expected to be about $200,000.
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