This Year, Barney and Betty Sold Their Home (Sales Price

This year, Barney and Betty sold their home (sales price $750,000; cost $200,000) .All closing costs were paid by the buyer.Barney and Betty owned and lived in their home for 18 months.How much of the gain is included in gross income?

A) $550,000
B) $300,000
C) $250,000
D) $50,000
E) None of the choices are correct