Required information Problem 14-44 (LO 14-2) (Algo) [The following information applies to the questions displayed below.] Troy (single) purchased a home in Hopkinton, Massachusetts, on January 1, 2007, for $295,000. He sold the home on January 1, 2022, for $323,400. How much gain must Troy recognize on his home sale in each of the following alternative situations? Note: Leave no answer blank. Enter zero if applicable. Problem 14-44 Part b (Algo) b. Troy lived in the home as his principal residence from January 1, 2007, through December 31, 2017. He rented out the home from January 1,2018 , through the date of the sale. Assume accumulated depreciation on the home at the time of sale was $3,750. Jesse Brimhall is single. In 2022 , his itemized deductions were $9,000 before considering any real property taxes he paid during the year. Jesse's adjusted gross income was $70,000 (also before considering any property tax deductions). In 2022 , he paid real property taxes of $3,000 on property 1 and $1,200 of real property taxes on property 2 . He did not pay any other deductible taxes during the year. Required: a. If property 1 is Jesse's primary residence and property 2 is his vacation home (he does not rent it out at all), what is his taxable income after taking property taxes into account? b. If property 1 is Jesse's business building (he owns the property) and property 2 is his primary residence, what is his taxable income after taking property taxes into account (ignore the deduction for qualified business income)? c. If property 1 is Jesse's primary residence and property 2 is a parcel of land he holds for investment, what is his taxable income after taking property taxes into account? Complete this question by entering your answers in the tabs below. If property 1 is Jesse's primary residence and property 2 is his vacation home (he does not rent it out at all), what is his taxable income after taking property taxes into account