TB MC Ou$.14-47($Static$)$ Larry owned and lived in a home for five years...

Larry owned and ived in a home for five years before marrying Dariene. Larry and Dariene lived in the home for one year before seling it at a $$600,000$ gain. Larry was the sole owner of the residence until it was sold. Lary sold the home so they could move down the street into a neaty constructed home. What is the maximum amount of gain that Larry and Darlene may exclude?

$$

Muliple Choice

$$0$

$$250,000$

$$500,000$

$$500,000$