Under certain conditions, a single home owner may exempt up to how much in gains from the sale of his or her personal residence?
a. $500,000
b. $300,000
c. $250,000
d. $125,000
Answer: c. $250,000
Business
a. $500,000
b. $300,000
c. $250,000
d. $125,000
Answer: c. $250,000