Question: Self - Study Problem 4 . 6 Ryuji, a single taxpayer, purchased a house 2 0 years ago for $ 3 0 , 0 0

Self-Study Problem 4.6
Ryuji, a single taxpayer, purchased a house 20 years ago for $30,000. He sells the house in December 2023 for $350,000. He has always lived in the house.
Calculate the following amounts.
If an amount is zero, enter "0."
a. How much taxable gain does Ryuji have from the sale of his personal residence?
$
b. Assume Ryuji married Mary three years ago and she has lived in the house since their marriage. If they sell the house in December 2023 for $350,000, what is their taxable gain on a joint tax return?
$
c. Assume Ryuji is not married and purchased the house only one year ago for $200,000, and he sells the house for $350,000 due to an employment-related move. What is Ryuji's taxable gain?
$
Self-Study Problem 4.6 Ryuji, a single taxpayer, purchased a house 20

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