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Title: Charles and Camella married in 2010 and purchased a new home together. Each had owned and lived in ... Post by: Augustus1 on Jan 9, 2017 Charles and Camella married in 2010 and purchased a new home together. Each had owned and lived in separate residences for the past 5 years. Charles' adjusted basis in his residence was $200,000; Camella's adjusted basis in her residence was $120,000. In late 2010, Charles sells his residence for $500,000 while Camella sells her residence for $190,000. What is the total gain to be excluded from these transactions in 2010?
A) $-0- B) $250,000 C) $320,000 D) $370,000 Title: Re: Charles and Camella married in 2010 and purchased a new home together. Each had owned and lived ... Post by: MsLippy on Jan 9, 2017 Content hidden
Title: Re: Charles and Camella married in 2010 and purchased a new home together. Each had owned and lived in ... Post by: Augustus1 on Mar 19, 2017 I needed this so bad, I'm laughing right now from happiness
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