This year, Rupert, a single taxpayer, sold a residence for $510,000. Rupert originally purchased the home 6 years ago for $200,000. During the first 4 years of ownership, Rupert used the home as his principle residence. He then converted the home to a rental for 2 years, during which time he claimed $25,000 of depreciation deductions. Selling expenses related to the sale were $30,000. What is the character and amount of the gain that he must recognize on the sale of the home?