What is the maximum amount of gain on the sale of principal residence a married couple may exclude from gross income?
A)$0.
B)$25,000.
C)$250,000.
D)$500,000.

Question

Quizplus · Accepted Answer

The maximum amount of gain on the sale of a principal residence that a married couple filing jointly may exclude from gross income is $500,000, provided they meet certain ownership and use requirements.

What Is the Maximum Amount of Gain on the Sale