Olessa, single and age 60, sold her home for $540,000 after living there for 20 years. her selling expenses were $10,000 and her adjusted basis in that home was $220,000. what is the maximum gain that olessa must report in connection with the sale of her principal residence?

Jeanie had always been interested in how individuals and businesses effectively allocate their resources in order to accomplish personal and organizational goals. that’s why she majored in economics and took on an entry-level position at an accounting firm. she is very interested in further advancing her career by looking into a specialization that builds upon her academic background, and her interest in deepening her understanding of how companies adjust their operating results to incorporate the economic impacts of their practices on internal and external stakeholders. which specialization could jeanie follow to get the best of both worlds? jeanie should chose to get the best of both worlds.