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:

Recordset Type

A collection of database records, allowing for data manipulation and retrieval in programming environments.

Property

In programming and software, a characteristic of an object that defines one of its attributes, such as size or color. It can also refer to characteristics of files, like read-only status.

Query

A request for information or action from a database, which can involve retrieval, addition, or updating of data.

Limit To List

A restriction setting in databases or software that allows selection only from predefined options.