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! Required information Problem 1 4 - 4 3 ( LO 1 4 - 2 ) ( Static ) [ The following information applies to

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Required information
Problem 14-43(LO 14-2)(Static)
[The following information applies to the questions displayed below.]
Sarah (single) purchased a home on January 1,2008, for $600,000. She eventually sold the home for
$800,000. What amount of the $200,000 gain on the sale does Sarah recognize in each of the following
alternative situations? (Assume accumulated depreciation on the home is $0 at the time of the sale.)
Note: Leave no answer blank. Enter zero if applicable.
Problem 14-43 Part d (Static)
d. Sarah used the home as a vacation home from January 1,2008, through December 31,2017. She used the home as her
principal residence from January 1,2018, until she sold it on January 1,2024.
Note: Round intermediate percentage computation to 2 decimal places.
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