I have a question related to the capital gain exclusion on

Question : I have a question related to the capital gain exclusion on the sale of personal property<br/>JA: What are the assets or property for this capital gain?<br/>Customer: It’s a home<br/>JA: Anything else you want the Accountant to know before I connect you?<br/>Customer: no
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Answer : Dear Customer,Yes, she can take the 250,000 home owner exemption exclusion.”(B)Other joint returnsIf such spouses do not meet the requirements of subparagraph (A), the limitation under paragraph (1) shall be the sum of the limitations under paragraph (1) to which each spouse would be entitled if such spouses had not been married. For purposes of the preceding sentence, each spouse shall be treated as owning the property during the period that either spouse owned the property.”https://www.law.cornell.edu/uscode/text/26/121Please let me know if you need a follow-up to my last answer or if the response completed your question.Before you leave the session, I need your rating for my services which is done by you clicking on those stars which appear on your screen!Please don’t leave the session before providing your rating, because without a rating that would leave me not paid by JustAnswer for the work I performed for you. There is no additional charge to you for providing the rating.I will wait online for your response with your rating so that we can complete the session.Thank you for using JustAnswer.Regards,Fiona

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