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Hannah, a single taxpayer, sold her primary residence on January 1, 2023. Her total realized gain is $210,000. The house was acquired on January 1,
Hannah, a single taxpayer, sold her primary residence on January 1, 2023. Her total realized gain is $210,000. The house was acquired on January 1, 2013, and rented to tenants until December 31, 2019. Hannah moved in on January 1, 2020, and used the house as her principal residence until the sale. During the rental period, $30,000 of depreciation was deducted. Due to the sale of the house in 2023, Hannah will recognize a total gain of Question content area bottom Part 1 A. $156,000. B. $30,000. C. $138,000. D. $126,000
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