Required information

Problem $14-44($LO $14-2)($Static$)$

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

Troy $($single$)$ purchased a home in Hopkinton, Massachusetts, on January $1,2007,$ for $$300,000.$ He

sold the home on January $1,2023,$ for $$320,000.$ How much gain must Troy recognize on his home

sale in each of the following alternative situations?

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

Problem $14-44$ Part d $($Static$)$

d$.$ Troy rented out the home from January $1,2007,$ through December $31,2018.$ He lived in the home as his principal

residence from January $1,2019,$ through December $31,2019.$ He rented out the home from January $1,2020,$ through

December $31,2020,$ and lived in the home as his principal residence from January $1,2021,$ through the date of the sale.

Assume accumulated depreciation on the home at the time of sale was $$0.$

Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount.

Answer is complete but not entirely correct.