Larry Owned and Lived in a Home for Five Years

Multiple Choice

Larry owned and lived in a home for five years before marrying Darlene. Larry and Darlene lived in the home for one year before selling it at a $600,000 gain. Larry was the sole owner of the residence until it was sold. What is the maximum amount of gain that Larry and Darlene may exclude?

A) $0.
B) $250,000.
C) $500,000.
D) $600,000.