Paxton has owned and lived in his home for 5 years before marrying Marlene. They...
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Accounting
Paxton has owned and lived in his home for 5 years before marrying Marlene. They lived in the house fo 1 year and then sold it at a gain of $600,000. Paxton was the sole owner of the house until it was sold. Of the $600,000 gain, what amount may Paxton and Marlene exclude?
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