Required information

Problem $14-43($LO $14-2)($Static$)$

$[$The following information applies to the questions displayed below.$]$

Sarah $($single$)$ purchased a home on January $1,2008,$ for $\backslash$$$600,000.$ She eventually sold the home for $\backslash$$$800,000.$ What amount of the $\backslash$$$200,000$ gain on the sale does Sarah recognize in each of the following alternative situations? $($Assume accumulated depreciation on the home is $\backslash (\backslash$$ $0\backslash )$ at the time of the sale.$)$

Note: Leave no answer blank. Enter zero if applicable.

Problem $14-43$ Part a $($Static$)$

a$.$ Sarah used the home as her principal residence through December $31,2021.$ She used the home as a vacation home from January $1,2022,$ until she sold it on January $1,2025.$ Required information

Problem $14-43($LO $14-2)($Static$)$

$[$The following information applies to the questions displayed below.$]$

Sarah $($single$)$ purchased a home on January $1,2008,$ for $\backslash$$$600,000.$ She eventually sold the home for $\backslash$$$800,000.$ What amount of the $\backslash$$$200,000$ gain on the sale does Sarah recognize in each of the following alternative situations? $($Assume accumulated depreciation on the home is $\backslash (\backslash$$ $0\backslash )$ at the time of the sale.$)$

Note: Leave no answer blank. Enter zero if applicable.

Problem $14-43$ Part b $($Static$)$

b$.$ Sarah used the property as a vacation home through December $31,2021.$ She then used the home as her principal residence from January $1,2022,$ until she sold it on January $1,2025.$

Note: Round intermediate percentage computation to $\backslash (\backslash$mathbf$\{2\}\backslash )$ decimal places. Round your final answer to the nearest whole dollar amount.

Gain recognized Required information

Problem $14-43($LO $14-2)($Static$)$

$[$The following information applies to the questions displayed below.$]$

Sarah $($single$)$ purchased a home on January $1,2008,$ for $\backslash$$$600,000.$ She eventually sold the home for $\backslash$$$800,000.$ What amount of the $\backslash (\backslash$$ $200,000\backslash )$ gain on the sale does Sarah recognize in each of the following alternative situations? $($Assume accumulated depreciation on the home is $\backslash (\backslash$$ $0\backslash )$ at the time of the sale.$)$

Note: Leave no answer blank. Enter zero if applicable.

Problem $14-43$ Part c $($Static$)$

c$.$ Sarah used the home as a vacation home from January $1,2008,$ until January $1,2024.$ She used the home as her principal residence from January $1,2024,$ until she sold it on January $1,2025.$ Problem $14-43($LO $14-2)($Static$)$

$[$The following information applies to the questions displayed below.$]$

Sarah $($single$)$ purchased a home on January $1,2008,$ for $\backslash$$$600,000.$ She eventually sold the home for $\backslash (\backslash$$ $800,000\backslash ).$ What amount of the $\backslash (\backslash$$ $200,000\backslash )$ gain on the sale does Sarah recognize in each of the following alternative situations? $($Assume accumulated depreciation on the home is $\backslash (\backslash$$ $0\backslash )$ at the time of the sale.$)$

Note: Leave no answer blank. Enter zero if applicable.

Problem $14-43$ Part d $($Static$)$

d$.$ Sarah used the home as a vacation home from January $1,2008,$ through December $31,2017.$ She used the home as her principal residence from January $1,2018,$ until she sold it on January $1,2025.$

Note: Round intermediate percentage computation to $2$ decimal places. Round your final answer to the nearest whole dollar amount.

Gain recognized