hard · Certified Financial Planner Estate Planning
Okada sold a primary residence in 2026 for $700,000. Okada, who is married filing jointly, purchased the home 18 months ago for $400,000 but had to move due to a mandatory job relocation of 200 miles.
What amount of gain is excluded from tax under Section 121?
- $0
- $225,000
- $300,000
- $375,000
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