Question: Mr. and Mrs. Kitchens purchased their first home in Ohio for $135,000 on October 1, 2012. Because Mr. Kitchens' employer transferred him to Utah, they

Mr. and Mrs. Kitchens purchased their first home in Ohio for $135,000 on October 1, 2012. Because Mr. Kitchens' employer transferred him to Utah, they sold the house for $160,000 on January 10, 2013. How much of the gain is recognized?

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