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Alex bought his principal residence for $175000 on June 5, 2016. He sold it on July 18, 2017 for $205000. Assuming no adjustments to basis,

Alex bought his principal residence for $175000 on June 5, 2016. He sold it on July 18, 2017 for $205000. Assuming no adjustments to basis, what is the amount and character of Alex's gain?

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