A and B are married and file a joint return. They sold their home / primary residence on September 1 , 2 0 2 4 for $ 8 9 0 , 0 0 0 . A had purchased the home on January 1 , 2 0 2 3 for $ 2 6 0 , 0 0 0 and rented it for 4 months ( January - April ) . A and B married on May 1 , 2 0 2 3 and immediately moved into the home. They decided to sell the residence after deciding to adopt 3 children and needing a larger home. Provide an analysis of the amount of gain recognized ( if any ) A and B should report on their 2 0 2 4 joint federal income tax return. Please include in your analysis any additional information we may need from the client and explain why / how that information may be relevant to your conclusion