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Troy ( single ) purchased a home in Hopkinton, Massachusetts, on January 1 , 2 0 0 7 , for $ 2 7 5 ,
Troy single purchased a home in Hopkinton, Massachusetts, on January for $ He sold the home on January for $ How much gain must Troy recognize on his home sale in each of the following alternative situations?
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a Troy rented out the home from January through November He lived in the home as his principal residence from December through the date of sale. Assume accumulated depreciation on the home at the time of sale was $ what is the recognized gain?
b Troy lived in the home as his principal residence from January through December He rented out the home from January through the date of the sale. Assume accumulated depreciation on the home at the time of sale was $what is the recognized gain?
cTroy lived in the home as his principal residence from January through December He rented out the home from January through the date of the sale. Assume accumulated depreciation on the home at the time of sale was $ what is the recognized gain?
d Troy rented out the home from January through December He lived in the home as his principal residence from January through December He rented out the home from January through December and lived in the home as his principal residence from January through the date of the sale. Assume accumulated depreciation on the home at the time of sale was $what is the recognized gain?
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