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Author Question: Hannah, a single taxpayer, sold her primary residence on January 1, 2016. Her total realized gain is ... (Read 130 times)

chandani

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on: Sep 13, 2020

Question 1

Generally, a full exclusion of gain under Sec. 121 upon the sale of a personal residence applies to only one sale or exchange every
◦ six months.
◦ year.
◦ two years.
◦ five years.

Question 2

Hannah, a single taxpayer, sold her primary residence on January 1, 2016. Her total realized gain is $210,000. The house was acquired on January 1, 2006 and rented to tenants until December 31, 2012. Hannah moved in on January 1, 2013 and used the house as her principal residence until the sale. During the rental period, $30,000 of depreciation was deducted. Due to the sale of the house in 2016, Hannah will recognize a gain of
◦ $210,000.
◦ $30,000.
◦ $72,000.
◦ $102,000.
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by chandani on Sep 13, 2020

succesfull

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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chandani

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review

cassie_ragen

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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