Shantel Owned and Lived in a Home for Five Years

Multiple Choice

Shantel owned and lived in a home for five years before marrying Daron. Shantel and Daron lived in the home for two years before selling it at a $700,000 gain. Shantel was the sole owner of the residence until it was sold. What is the maximum amount of gain that Shantel and Daron may exclude?

A) $0.
B) $250,000.
C) $500,000.
D) $700,000.