Jill bought a house in the year 2020 for $200,000. She lives in it as her principal residence. On August 31st, 2025 she converts the house into a rental property. On December 31st, 2027 she sells the house for $275,000. She claimed depreciation deductions of $30,000 for the rental use period. How much of the gain, if any, on the sale of the house cans he exclude for tax purposes?

$0.

$30,000.

$75,000.

$105,000.

None of the above.