Linda, who is single and 53, sold her home for $1,250,000. She paid $390,000 for it in

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Linda, who is single and 53, sold her home for $1,250,000. She paid $390,000 for it in 1995 and has lived in it since she bought it. She paid $23,000 in selling expenses. Linda has a mortgage on the home in the amount of $197,000. What is Linda's taxable capital gain on the sale of her home?

a. $337,000

b. $390,000

c. $587,000

d. $610,000

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