on january 3, 2022 you retain a new client. the couple husband and wife, purchased a personal residence october 1, 2020. the personal residence has one bedroom and one bathroom. the wife gave birth to triplets on October 1, 2021. the couple decides that their current residence is too small for their growing family. they sold the residence on december 31, 2021. their realized gain is $325,000. Describe the most accurate  statement for the above scenario.