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    Concepts in Federal Taxation
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    Exam 12: Non-Recognition Transactions
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    Ed and Elise Got Married During the Year and They
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Ed and Elise Got Married During the Year and They

Question 40

Question 40

True/False

Ed and Elise got married during the year and they each sold their homes to buy a new house for them to live in. As long as they file a joint return they can each claim a $250,000 exclusion.

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