Shantel Owned and Lived in a Home for Five Years

question 105

Multiple Choice

Shantel owned and lived in a home for five years before marrying Daron.Shantel and Daron lived in the home for two years before selling it at a $700,000 gain.Shantel was the sole owner of the residence until it was sold.How much of the gain may Shantel and Daron exclude?

• A)$0.
• B)$250,000.
• C)$500,000.
• D)$700,000.

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Definitions:

Secondary Carbons

A carbon atom bound to two other carbon atoms within an organic molecule, often influencing the molecule's reactivity and physical properties.

Trimethylheptane

A saturated hydrocarbon with the formula C10H22; it’s a branched alkane used in organic synthesis and as a reference in octane rating.

Carbon Atoms

The basic building blocks of the vast majority of organic compounds, capable of forming strong covalent bonds due to their tetravalency.

Hydrogen Atoms

The simplest type of atoms consisting of one proton and one electron, fundamental in chemistry and the building blocks of molecules.