Question: Required information Problem 14-43 (LO 14-2) (Static) The following information epplies to the questions displayed below] Sarah (single) purchased a home on January 1,2008 ,
Required information Problem 14-43 (LO 14-2) (Static) The following information epplies 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 $200.000gain on the sale doos Sarah recognize in each of the following alternative situations? (Assume accumulated depreciation on the home is $0 at the time of the sale) Note: Leave no answer blank. Enter zero if applicable. Problem 14-43 Part a (Static) . Sarah used the home as her principai residence through December 31, 2020 She used the home as a vacation home from January 2021, untit she sold it on January 1, 2024
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