1. Branda (single mom) bought a townhouse in 2009 for $250,000. She lived there for 5 years and then rented it out. She sold the townhouse in 2021 for $680,000. She paid $32,000 commission and expenses. Her taxable ordinary income is $80,000.
2. 
   
3. Required

1. Calculate realized capital gain from the townhouse
2. Identify whether the capital gain is short-term or long-term
3. Identify whether Branda is eligible to take primary home exclusion, if yes, find the amount of exclusion
4. Calculate taxable capital gain
5. Calculate total taxable income (including taxable capital gain form home sale)
6. Use filing status and total taxable income to find capital gain rate
7. Calculate capital gain tax due on the sale of her condo