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On February 1, Year 4, Nanci and Joe divorced and sold Nanci's house for $320,000. Nanci (100% owner) had lived in the home since

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On February 1, Year 4, Nanci and Joe divorced and sold Nanci's house for $320,000. Nanci (100% owner) had lived in the home since February 1, Year 3, and it had an adjusted basis of $200,000. Two months after the sale of the home, Nanci purchased a new home for $170,000. What is Nanci's basis in her new home? $150,000 B $200,000 $170,000 D $320,000

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