Part of the divorce agreement

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Reference no: EM131460323

Gary and Gerda Gray purchased a home for $125,000 on September 15, 2010. On October 7, 2016 they were divorced, and as part of the divorce agreement, the home was transferred to Gerda, who sold the home on October 18, 2016 for $350,000. How much can Gerda exclude?

$350,000

$250,000

$225,000

Reference no: EM131460323

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