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GoodMad_ GoodMad_
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7 years ago
A single taxpayer may
A) exclude all of the capital gain on the sale of a home; however, this exclusion may only be taken once in a lifetime.
B) exclude up to $250,000 of the capital gain every time he or she sells a home as long as they have lived in the home for a period of two years.
C) exclude up to $250,000 of the capital gain every time he or she sells a home only if they are at least 55 years of age.
D) not exclude from current income any of the capital gain on the sale of a home.
Textbook 
Personal Finance: An Integrated Planning Approach

Personal Finance: An Integrated Planning Approach


Edition: 8th
Author:
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imoyseimoyse
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GoodMad_ Author
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#2
7 years ago
Such a smart group of people this forum has

thx
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