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that is all the information Check my world 6 Part 1 of 4 Required information (The following information applies to the questions displayed below. 1.17
that is all the information
Check my world 6 Part 1 of 4 Required information (The following information applies to the questions displayed below. 1.17 points Troy (single) purchased a home in Hopkinton, Massachusetts, on January 1, 2007, for $255,000. He sold the home on January 1, 2019, for $275,300. How much gain must Troy recognize on his home sale in each of the following alternative situations? (Leave no answer blank. Enter zero if applicable.) Skipped BOOK Hint a. Troy rented out the home from January 1, 2007, through November 30, 2008. He lived in the home as his principal residence from December 1, 2008, through the date of sale. Assume accumulated depreciation on the home at the time of sale was $11,200. Print Recognized gain DUO Troy (single) purchased a home in Hopkinton, Massachusetts, on January 1, 2007, for $255,000. He sold the home on January 1, 2019, for $275,300. How much gain must Troy recognize on his home sale in each of the following alternative situations? (Leave no answer blank. Enter zero if applicable.) b. Troy lived in the home as his principal residence from January 1, 2007, through December 31, 2014. He rented out the home from January 1, 2015, through the date of the sale. Assume accumulated depreciation on the home at the time of sale was $3,200. Recognized gain go of Neyt (The following information applies to the questions displayed below.] Troy (single) purchased a home in Hopkinton, Massachusetts, on January 1, 2007, for $255,000. He sold the home on January 1, 2019, for $275,300. How much gain must Troy recognize on his home sale in each of the following alternative situations? (Leave no answer blank. Enter zero if applicable.) c. Troy lived in the home as his principal residence from January 1, 2007, through December 31, 2016. He rented out the home from January 1, 2017, through the date of the sale. Assume accumulated depreciation on the home at the time of sale was $0. Recognized gain January 1, 2007, for $255,000. He sold the home on January 1, 2019, for $275,300. How much gain must Troy recognize on his home sale in each of the following alternative situations? (Leave no answer blank. Enter zero if applicable.) d. Troy rented out the home from January 1, 2007, through December 31, 2014. He lived in the home as his principal residence from January 1, 2015, through December 31, 2015. He rented out the home from January 1, 2016, through December 31, 2016, and lived in the home as his principal residence from January 1, 2017, through the date of the sale. Assume accumulated depreciation on the home at the time of sale was $0. (Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount.) Recognized gain Step by Step Solution
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