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Alison Jacobs (single) purchased a home in Las Vegas, Nevada, for $446,000. She moved into the home on September 1, year 0. She lived in
Alison Jacobs (single) purchased a home in Las Vegas, Nevada, for $446,000. She moved into the home on September 1, year 0. She lived in the home as her primary residence until July 1 of year 4, when she sold the home for $780,500. If Alison's tax rate on long-term capital gains is 15 percent, what amount of tax will Alison pay on the $334,500 gain?
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