Multiple Choice
Raymond and Susan are married and 55 years old.They sell their personal residence for $850,000 cash.They purchased the house fifteen years ago for $200,000.What is the amount of gain that Raymond and Susan should recognize on the sale?
A) $0.
B) $150,000.
C) $500,000.
D) $650,000.
Correct Answer:
Verified
Correct Answer:
Verified
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