Question: Bart and Laura, both age 4 8 , sold their primary residence this year for $ 8 0 0 , 0 0 0 after having

Bart and Laura, both age

48,

sold their primary residence this year for $

800, 000

after having lived there for

15

years. They bought the home for $

300, 000 .

They are concerned about the tax implications associated with such a large capital gain. After reviewing their situation and the current tax laws, you conclude that

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