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Which is true regarding the sale of a personal residence? Group of answer choices Exclusions are available up to a maximum of $500,000 for married

Which is true regarding the sale of a personal residence?

Group of answer choices

Exclusions are available up to a maximum of $500,000 for married taxpayers if requirements are met.

The gain is always 100% taxable.

Exclusions are available up to a maximum of $125,000 for single taxpayers if requirements are met.

Taxpayers may not elect out of this exclusion.

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