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Florida Real Estate Course
Chapter 19
Florida Real Estate Practice Question
A married homeowner who files their federal income taxes separately. Under current IRS regulations, what is the maximum amount of capital gains she can exclude from the sale of this property?
Answer choices
A
$125,000
B
$250,000
C
$500,000
D
The exclusion is completely disallowed for married individuals filing separately.
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Florida Real Estate Taxes: Value, Exemptions and Sale Proceeds
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