January 10, 2020. Kelly married Jaxon. Jaxon sold his personal residence on October 25, 2019, and excluded the entire gain of $150,000. Although they had originally planned ved as a gift from her parents in 2011, they decided to purchase a larger house, and Kelly sold her house 60 days after their wedding and realized a $440,000 gain, d the requirements requirement a. If they file a joint return, how much of the $440,000 gain may be excluded?

Answer rating: 100% (QA)

ANSWER If they file a married filing joint return Th... View the full answer