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Question 17 In 2020, Ashley, a single taxpayer, sold a house for $450,000. She bought the house in 1985 for $100,000 and lived in it

Question 17 In 2020, Ashley, a single taxpayer, sold a house for $450,000. She bought the house in 1985 for $100,000 and lived in it continuously until 2017. Upon buying a second house, she converted the first into a rental property What is Ashley's recognized gain in 2020 on the sale of the first house? 30 $350.000 $250,000 $100,000

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