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ch 12 prentice halls federal taxation 2016 individuals ques 47 Sale of a Principal Residence. Mr. and Mrs. Kitchens purchased their first home in Ohio

ch 12 prentice halls federal taxation 2016 individuals

ques 47 Sale of a Principal Residence. Mr. and Mrs. Kitchens purchased their first home in Ohio for $135,000 on October 1, 2014. Because Mr. Kitchens employer transferred him to Utah, they sold the house for $160,000 on January 10, 2015. How much of the gain is recognized?

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