Matt and Opal were married in April of 2015. Matt has lived in his personal residence for fifteen years and Opal moved into the house after the marriage. Matt died in October 2015. Opal sold the house at a $300,000 gain in December, 2015. How much of the gain can Opal exclude?

Question

Quizplus · Accepted Answer

The Answer of Matt and Opal were married in April of 2015. Matt has lived in his personal residence for fifteen years and Opal moved into the house after the marriage. Matt died in October 2015. Opal sold the house at a $300,000 gain in December, 2015. How much of the gain can Opal exclude?

Matt and Opal Were Married in April of 2015