Which means that it can all be excluded

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"Yes, because the gain is $400,000 minus $225,000, which equals $175,000. This is less than the exclusion limit of $250,000. Which means that it can all be excluded. Also, he has been living in his home since Year 9, which means that he has lived there for at least two years." Better? Get the instant assignment help.

Reference no: EM133910112

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