Question: Bobby and Sissy got married two and a half years ago. Since that time, they have lived in Bobbys home. Bobby and Sissy decided to

Bobby and Sissy got married two and a half years ago. Since that time, they have lived in Bobbys home. Bobby and Sissy decided to move to a bigger home this year. As a result, they sold Bobbys home for $500,000 (original cost $150,000). How much of the gain from the sale is taxable?

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