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Brock bought his principal residence for $185,000 on June 5, 2018. He sold it on July 18, 2019, for $215,000. Assuming no adjustments to basis,
Brock bought his principal residence for $185,000 on June 5, 2018. He sold it on July 18, 2019, for $215,000. Assuming no adjustments to basis, what is the amount and character of Brock's gain?
A. Long-term, ordinary gain of $30,000.
B. Long-term, capital gain of $30,000.
C. Short-term, ordinary gain of $30,000.
D. Short-term, capital gain of $30,000.
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