Business, 05.12.2021 01:30, madisynivy6

Joyce is a widowed taxpayer whose husband Willard passed away on March 31, 2020. Joyce and Willard had purchased a home for $215,000 on September 12, 2004, lived in the home as their main home until Willard’s death. Joyce moved in with her daughter after Willard’s death, and sold the home on November 30, 2020, for $595,000. How much of the gain on the sale can Joyce exclude from taxable income?

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Joyce is a widowed taxpayer whose husband Willard passed away on March 31, 2020. Joyce and Willard h...