Murray (age 68,single) just sold his home of 35 years so that he could relocate nearer to his grandchildren.He realized a $400,000 capital gain on the home.On how much of this gain will Murray have to pay taxes?
A) $400,000
B) $300,000
C) $250,000
D) $150,000
E) $0
Correct Answer:
Verified
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