Business, 07.03.2020 04:20, jourdyno

Aubrey bought her house for $150,000 and moved into it four years ago. Last November 1, she married Dave and he moved in with her. This November 1, they have decided to sell because prices in the neighborhood have skyrocketed. If they sell the house for $550,000, how much of the gain are they allowed to exclude?
a) $0
b) $250,000
c) $300,000
d) $400,000

Answers: 1

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Aubrey bought her house for $150,000 and moved into it four years ago. Last November 1, she married...