Shantel Owned and Lived in a Home for Five Years

question 34

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. What is the maximum amount of gain that Shantel and Daron may exclude?

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

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Definitions:

Salesforce Automation

Involves the use of software solutions to automate business tasks of sales, including order processing, contact management, inventory monitoring, customer management, and sales forecast analysis.

Product Training

Education or training programs designed to equip sales staff or users with knowledge about a product's features and benefits.

Proposal Generation

The process of creating a detailed plan or suggestion, typically aimed at solving a problem or seizing an opportunity, presented for consideration or action.

Sales Force Automation

The use of software to automate business tasks of sales, including order processing, contact management, information sharing, inventory monitoring, and sales forecast analysis.