Mary and John Walker purchased a large home in 2005 for $200,000. Due to a recent illness, the Walkers decided to put their home on the market and chose to move into a smaller vacation home that they also owned. Fortunately, the couple received several offers and the house sold to the highest bidder for $250,000. How much did the Walkers gain on the sale of their home? 35 Was this money considered a capital gain? Were the Walkers required to pay tax on the proceeds? Why or why not