Eva and Mario are married on June 14, 2019. They use Evas home as their principal residence.
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Eva and Mario are married on June 14, 2019. They use Eva’s home as their principal residence. Eva purchased the home for $97,000 in 2016. On January 13, 2020, Eva and Mario are divorced. As part of the settlement, Mario receives the home. He sells it on March 30, 2020, for $119,000.
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The issue is whether Mario can exclude any of the 22000 119000 97000 gain realized on ...View the full answer
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ISBN: 9780357141212
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