In 2022, Colin and Laura sold their house for $990,000. They paid $40,000 in expenses...
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Accounting
In Colin and Laura sold their house for $ They paid $ in expenses so their proceeds are $ They bought the house in and paid $ for the home and spent $ to add on a garage so their basis would be $ They subtract $ from $ to find their gain equals $ When filing their joint income tax return, if all of other conditions are met, what is the maximum amount Colin and Laura could exclude from the sale of their home?
In Colin and Laura sold their house for $ They paid $ in expenses so their proceeds are $ They bought the house in and paid $ for the home and spent $ to add on a garage so their basis would be $ They subtract $ from $ to find their gain equals $ When filing their joint income tax return, if all of other conditions are met, what is the maximum amount Colin and Laura could exclude from the sale of their home?
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