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Lou and Lisa Lord, who are married and file a joint tax return, have owned...

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Accounting

Lou and Lisa Lord, who are married and file a joint tax return, have owned and lived in their home for over 20 years. They originally purchased the home for $50,000 in 2010. They sold the house in April 2024 for $475,000. How much capital gain must the Lords include in their adjusted gross income for 2024 as a result of this sale?

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