S, a single person, bought her home 18 months ago. T and U are a married
couple who file their tax return jointly, have owned their nine-bedroom home
for only three years, but want to sell it and move into a small condominium
unit. V, a single person, has owned his home for seventeen years, and will use
the proceeds from his sale to purchase a larger home. Based on these facts,
which of these people is entitled to the $500,000 exclusion if they sell their
home today?
OS and V only
.
OT and U only
OT. U. and V only
OS only
