Question: Required information Problem 14-43 (LO 14-2) (Static) Skip to question [The following information applies to the questions displayed below.] Sarah (single) purchased a home on
Required information Problem 14-43 (LO 14-2) (Static) Skip to question [The following information applies to the questions displayed below.] Sarah (single) purchased a home on January 1, 2008, for $600,000. She eventually sold the home for $800,000. What amount of the $200,000 gain on the sale does Sarah recognize in each of the following alternative situations? (Assume accumulated depreciation on the home is $0 at the time of the sale.) (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, 2017. She used the home as a vacation home from January 1, 2018, until she sold it on January 1, 2021
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