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! Required information [ The following information applies to the questions displayed below. ] Sarah ( single ) purchased a home on January 1 ,

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Required information
[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.
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.
Answer is complete but not entirely correct.
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