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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Definitions:

Eco-branding Strategy

A marketing approach focusing on promoting a brand's commitment to environmental sustainability to appeal to eco-conscious consumers.

Significant Barriers

Major obstacles or hurdles that prevent or hinder progress towards an objective or the accomplishment of a goal.

Sustainable Value Innovation Strategy

This strategy focuses on creating economic value in a way that also creates value for society by addressing its needs and challenges, emphasizing sustainability in business practices.

Beyond Compliance Leadership Strategy

A strategy that involves going beyond minimal legal standards and regulations to integrate ethical practices and sustainability into a company's core operations.