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Homework answers / question archive / On November 1, 2018, Ms
On November 1, 2018, Ms. Green, a joint filer, purchased a condo in Dallas for $405,000. Ms. Green then received an offer of employment in Tampa, and on September 1, 2019, she sold the condo for $432,000 and purchased a new home in Tampa for $315,000. Ms. Green realized a $27,000 capital gain on the sale of the condo. How much gain can Ms. Green exclude on the sale of the condo? A. $27,000 B. $5,000 C. $10,000 D. $0
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