Question: Ryan, age 5 7 , is single wth no dependents. On July 1 of the current year, Ryan's principal residence was sold for the net

Ryan, age 57, is single wth no dependents. On July 1 of the current year, Ryan's principal residence was sold for the net anourt of $500.000 aher all seling expenses. Pyan bought the house 35 yours ago and cocopied it untll sold. On the date of sale, the house had a basis of $180.000. What is the maximum exclusion of gain on sale of the residence that mary be clamed in Ryarts current your income tax rehum?
A. $320,000
B. $250,600
C. $125000
D. $0
Ryan, age 5 7 , is single wth no dependents. On

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