Answer:
$0
Explanation:
A single taxpayer like Myles, can exclude up to $250,000 in capital gains when selling their house if they meet the following criteria:
- have owned and lived in the house for at least 2 of the last 5 years ⇒ Myles only owned and lived in the house for 18 months, so he doesn't qualify.
- you can only use this exemption once every 2 years
I would venture to say that D. makes the most sense. All of the answers seem relevant but the last one seems to have the most information pertaining to the footnote. Hope this helps!
No, its the side of the bumper
