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  3. this year, leron and sheena sold their home for $9

This year, Leron and Sheena sold their home for $915,750 after all selling costs. They...

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Accounting

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This year, Leron and Sheena sold their home for $915,750 after all selling costs. They bought the home three years ago for $165,000 and lived in the home until it sold. How much taxable gain does the home sale generate for Leron and Sheena (i.e., how much gain they must include in their gross income)? Assume that the couple is married filing jointly. (Leave no answer blank. Enter zero if applicable.) Taxable gain

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