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Gary and gerdy gray purchased a home for 125000 on

Question - Gary and Gerdy Gray purchased a home for $125,000 on September 15, 2010. On October 7, 2011 they were divorced, and as part of the divorce agreement, the home was transferred to Gerda, who sold the home on October 18, 2012 for $350,000. How much can Gerda exclude?

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Accounting Basics: Gary and gerdy gray purchased a home for 125000 on

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Accounting Basics: Gary and gerdy gray purchased a home for 125000 on

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