Question: Ryan, age 5 7 , is single with no dependerts. On July 1 of the curnent year, Ryar's prinopal tesidence was sold for the net

Ryan, age 57, is single with no dependerts. On July 1 of the curnent year, Ryar's prinopal tesidence was sold for the net amourt of $500,000 ather all selling expeties. Ryan bought the house 35 years ago and occupind it undl sold. On the date of sale, the house had a baris of 5150,000. What is the mavimum exclusion of gain on sale of the residenoe that may be claimed in Pyarl's current year income tax retum?
A. $320,000
B. $250,000
C. $125,000
D.50
Ryan, age 5 7 , is single with no dependerts. On

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