When Adam and Tori got married 15 months ago, Adam moved into the house that Tori had owned and lived in for the prior 3 years. They recently decided to move to a more suburban neighborhood and sold the house. What is the maximum amount of gain from the sale of the personal residence that Adam and Tori can exclude from income taxation?

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To determine the maximum amount of gain from the sale of their personal residence that Adam and Tori ... View the full answer