Chapter 14 Homework 0 Saved Helf 9 0 Required information The following information applies to the questions displayed below Part 1 of 4 Troy (single) purchased a home in Hopkinton, Massachusetts, on January 1, 2007 for $275,000 He sold the home on January 1, 2018, for $295,500 How much gain must Troy recognize on his home sale in each of the following alternative situations? (Leave no answer blank. Enter zero if applicable a. Troy rented the home out from January 1,2007, through November 30, 2008. He lived in December 1, 2008, through the date of sale. Assume accumulated depreciation on t the home as his principal residence from he home at the time of sale was $14,300 Print 0 Required information The following information applies to the questions displayed below Part 2 of 4 Troy (single) purchased a home in Hopkinton, Massachusetts, on January 1, 2007, for $275,000. He sold the home on January 1,2018, for $295,500. How much gain must Troy recognize on his home sale in each of the following alternative situations? (Leave no answer blank. Enter zero if applicable.) eBook b. Troy lived in the home as his principal residence from January 1,2007, through December 31, 2013. He rented out the home from January 1, 2014, through the date of the sale. Assume accumulated depreciation on the home at the time of sale was $6.600 Print 0 Required information The following information applies to the questions displayed below Part 3 of4 Troy (single) purchased a home in Hopkinton, Massachusetts, on January 1, 2007, for $275,000. He sold the home on January 1, 2018, for $295,500. How much gain must Troy recognize on his home sale in each of the following alternative situations? (Leave no answer blank. Enter zero if applicable.) eBook C.Troy lived in the home as his principal residence from January 1, 2007, through December 31, 2015. He rented out the home from January 1, 2016, through the date of the sale. Assume accumulated depreciation on the home at the time of sale was $o Print Required information The following information applies to the questions displayed below Part 4 of 4 Troy (single) purchased a home in Hopkinton, Massachusetts, on January 1, 2007, for $275,000. He sold the home on January 1, 2018, for $295,500. How much gain must Troy recognize on his home sale in each of the following alternative situations? (Leave no answer blank. Enter zero if applicable.) eBook d. Troy rented out the home from January 1,2007,through December 31, 2013. He lived in the home as his principal residence from January 1, 2014,through December 31, 2014. He rented out the home from January 1, 2015, through December 31, 2015, and lived in the home as his principal residence from January 1, 2016, through the date of the sale. Assume accumulated depreciation on the home at the time of sale was $0. (Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount.)
