Question: Mr. and Mrs. Kitchens purchased their first home in Ohio for ($135,000) on October 1, 2022. Because Mr. Kitchens employer transferred him to Utah, they

Mr. and Mrs. Kitchens purchased their first home in Ohio for $$135,000$ on October 1, 2022. Because Mr. Kitchens’ employer transferred him to Utah, they sold the house for $$160,000$ on January 10, 2023. How much of the gain is recognized?

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