Business, 03.03.2020 02:55 jazzy4713

Simonne, a single taxpayer, bought her home in Orlando 25 years ago for $55,000. She has lived continuously in the home since she purchased it. In the current year, she sells her home for $405,000. What is Simonne's taxable gain on the sale?a. $0b. $90,000c. $100,000d. $350,000

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Simonne, a single taxpayer, bought her home in Orlando 25 years ago for $55,000. She has lived conti...