Investment income is offset with this related expense. During this transaction, you can exclude the first $250,000

Fantastic news! We've Found the answer you've been seeking!

Question:

Investment income is offset with this related expense. During this transaction, you can exclude the first $250,000 ($500,000 for married taxpayers) of gain on sale. This term refers to an asset sold for more than its original value. This term includes income from self-employment. This term refers to earnings and capital gains generated from investment holdings