QUESTION 4 Sarah (single) purchased a home on January 1, 2008 for $600,000. She eventually sold the home for $810,000. Sarah used the property as a vacation home through December 31, 2016. She then used the home as her principal residence from January 1, 2017 until she sold it on January 1, 2020. What amount of the gain on the sale does Sarah recognize? 3 points Save Answer QUESTION 5 Javier and Anita Sanchez purchased a home on January 1, 2019 for, $500,000 by paying $200,000 down and borrowing the remaining $300,000 with a 6 percent loan secured by the home. The loan requires interest-only payments for the first five years. The Sanchezes would itemize deductions even if they did not have any deductible interest. The Sanchezes' marginal tax rate is 32 percent. What is the after-tax cost of the interest expense to the Sanchezes in 2019