Question

What are the exclusions from capital gains taxation for a homeowner selling her home? [Choose the SINGLE best response.]

Group of answer choices

$500,000 for a homeowner who has lived in the home for at least two years

$500,000 for a homeowner who has owned the home for at least two of the last five years, provided she files jointly

$250,000 for a married homeowner filing separately, or $500,000 if married and filing jointly, on the sale of a home lived in as the primary residence for at least two of the last five years

$250,000 for a married homeowner filing separately, or $500,000 if married and filing jointly, on the sale of a home lived in as the primary residence for the last five years

Answer 1