Explain how much of the gain may shantel and daron exclude

Reference no: EM13121683

Q. Shantel owned and lived in a home for five years before marrying Daron. Shantel and Daron lived in the home for two years before selling it at a $700,000 gain. Shantel was the sole owner of the residence until it was sold. Explain how much of the gain may Shantel and Daron exclude?

Reference no: EM13121683

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