Multiple Choice
If one spouse sells a home and excludes the gain on the sale,the gain on the sale of a residence by the other spouse is:
A) Never excluded.
B) Excluded up to $500,000.
C) Excluded up to $250,000.
D) Excluded up to $250,000 plus any gain exclusion not used by the first spouse.
Correct Answer:
Verified
Correct Answer:
Verified
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