Matt and Opal Were Married in April of 2015

question 51

Multiple Choice

Matt and Opal were married in April of 2015. Matt has lived in his personal residence for fifteen years and Opal moved into the house after the marriage. Matt died in October 2015. Opal sold the house at a $300,000 gain in December, 2015. How much of the gain can Opal exclude?

• A) $0.
• B) $250,000.
• C) $300,000.
• D)None of these.

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