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What is their gain and where do I enter it on a tax return? On May 15, 2017, Albert and Allison sold their personal residence

image text in transcribedWhat is their gain and where do I enter it on a tax return?
On May 15, 2017, Albert and Allison sold their personal residence for $585,150 and purchased a new house for $725,000. This was their personal residence before and after the divorce (they have lived in it together for three years since remarrying). They moved into the new house on May 18, 2017. nys Required: Combine this new information about the Gaytor family with the information from Chapters 1-7 and complete a revised 2017 tax return for Albert and Allison. No AMT is payable. This completes the Group 5 multichapter case

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