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I'm not paying the solution amounts because they do not subtract the exclusion of Gains ($250k or $500k) from the taxable figure. My accountant came up with a way to save on taxes. I have Janet and Jerry White paying $136,000. Tell me where I went wrong.
If ever there is a reason to use a spreadsheet for this calculation, this is it.
Workflow:
This is what I came up with; there's definitely a more efficient way to do this.
