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What Is the Maximum Amount of Gain on the Sale

question 29

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What is the maximum amount of gain on the sale of principal residence a married couple may exclude from gross income?


Definitions:

Anterior Lobe

A part of an organ that is situated toward the front of the body, often referring specifically to the front portion of the pituitary gland which secretes various hormones.

Growth Hormone

A hormone secreted by the pituitary gland that stimulates growth, cell reproduction, and cell regeneration in humans and other animals.

Pituitary

A small, pea-sized gland located at the base of the brain, functioning as the master gland by producing and releasing hormones that regulate many body functions.

Steroid Hormone

Lipid-based hormones that pass through cellular membranes and bind to specific receptors to alter gene expression.

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