Question: 2 Part 2 of 4 ints Required information Problem 14-44 (LO 14-2) (Algo) [The following information applies to the questions displayed below] Troy (single) purchased

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2 Part 2 of 4 ints Required information Problem 14-44 (LO 14-2) (Algo) [The following information applies to the questions displayed below] Troy (single) purchased a home in Hopkinton, Massachusetts, on January 1, 2007, for $205,000. He sold the home on January 1, 2021, for $232.600. How much gain must Troy recognize on his home sale in each of the following alternative situations? (Leave no answer blank. Enter zero if applicable.) look Hint Problem 14-44 Part b (Algo) Auk ferences b. Troy lived in the home as his principal residence from January 1, 2007, through December 31, 2016. He rented out the home from January 1, 2017, through the date of the sale. Assume accumulated depreciation on the home at the time of sale was $4,400. Recognized gain Check my work 3 of 4 Seve Help Save & Exit Submit Required information Problem 14-44 (LO 14-2) (Algo) (The following information applies to the questions displayed below.) Troy (single) purchased a home in Hopkinton, Massachusetts, on January 1, 2007, for $205,000. He sold the home on January 1, 2021, for $232.600. How much gain must Troy recognize on his home sale in each of the following alternative situations? (Leave no answer blank. Enter zero if applicable.) Problem 14-44 Part c (Algo) c. Troy lived in the home as his principal residence from January 1, 2007, through December 31, 2018. He rented out the home from January 1, 2019, through the date of the sale. Assume accumulated depreciation on the home at the time of sale was $0. (Round your intermediate calculations and the final answer to the nearest whole dollar amount.) Recognized gain Check my work
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