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Craig and Sally, a married couple, file a joint tax return and report taxable income (excluding their home sale) of $325,000 for 2018. They purchased their home on December 1, 2016 for $250,000 and have made $100,000 of improvements during the time they owned the home. They sold the home on May 31, 2018 after Craig accepted a job in another state netting $775,000 after the expenses of the sale. What are the tax consequences of this sale?
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Various external elements such as technology, regulation, and competition that influence a company's performance in its sector.
Primary Packaging
The first layer of packaging directly in contact with the product, designed to protect and preserve, as well as provide consumer information.
Shipping Container
A large, standardized metal box used for the efficient, safe, and secure transport of goods over long distances, often by sea or land.
Dental Floss Dispenser
A device designed to hold and dispense dental floss, often facilitating ease of use and encouraging better dental hygiene practices.
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