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William and Kate married in 2 0 2 2 and purchased a new home together. Each had owned and lived in separate residences for the

William and Kate married in 2022 and purchased a new home together. Each had owned and lived in separate residences for the past 5 years. Williams adjusted basis in his old residence w hi $200,000; Kate's adjusted basis in her old residence was $320,000. In late 2022, William sells his residence for $500,000 while Kate sells her residence for $390,000. What is the total gain to be excluded from these transactions in 2022, assuming they file as Married Filing Joindy (MFD)?A) $0 B) $250,000C) $320,000D) $370,000

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