What Is the Maximum Amount of Gain on the Sale

question 29

Multiple Choice

What is the maximum amount of gain on the sale of principal residence a married couple may exclude from gross income?

• A)$0.
• B)$25,000.
• C)$250,000.
• D)$500,000.

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Definitions:

Cavour

Camillo Benso, Count of Cavour, was a leading figure of the Italian unification process, serving as the Prime Minister of Piedmont-Sardinia, instrumental in uniting Italy.

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Members of religious orders or bodies who have been ordained for religious duties, typically in Christian contexts.

Crimean War

A military conflict fought from 1853 to 1856 between the Russian Empire and an alliance of the Ottoman Empire, France, Britain, and Sardinia, largely over the rights of Christian minorities in the Holy Land.

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