A divorcing couple sells their jointly-owned primary residence. They lived in it for 3 of the last 5 years. What is the maximum capital gain exclusion available?
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A
$250,000 per person ($500,000 total)
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B
$125,000 per person ($250,000 total)
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C
$500,000 per person ($1,000,000 total)
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D
$250,000 total, split between them