Business, 22.04.2020 02:55 natalieagustinlop54

Olessa, single and age 60, sells her home for $540,000 after living there for 20 years. Her adjusted basis in that home was $220,000 and she has an additional $10,000 of selling expenses. What is the maximum gain that Olessa must report in connection with the sale of her principal residence?

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Olessa, single and age 60, sells her home for $540,000 after living there for 20 years. Her adjusted...

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