Taylor has owned and occupied her personal residence (adjusted basis of $190,000) for four years. In April 2020, she sells the residence for $300,000 (selling expenses are $20,000). On the same day as the sale, Taylor purchases another house for $350,000. After living in the new house for 10 months, Taylor has a job transfer to another state. She sells the second house after this 10 month period for $483,000 (selling expenses are $18,000).

Using the facts in #16 above, what is Taylors recognized gain on the sale of the second residence?

A. $0

B. $115,000

C. $28,833

D. $10,833

Group of answer choices