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O D2L Chapter 14 - Homework - 202 x Question 11 - Chapter 14 - Ho x Dashboard x Q Search Quizlet Which of the x | Q Exam 3 (CH 9, 10, 14) Flashce X + G go ezto.mheducation.com/ext/map/index.html?_con=conexternal_browser=0launchUrl=https%253%252F%252Fconnect.mheducation.com%252Fconnect%25... P S All Bookmarks Chapter 14 - Homework i Saved Help Save Exit Submit 11 Required information [The following information applies to the questions displayed below.] Part 2 of 3 Steve Pratt, who is single, purchased a home in Riverside, California, for $400,000. He moved into the home on February 1 of year 1. He lived in the home as his primary residence until June 30 of year 5, when he sold the home for $700,000 Note: Leave no answer blank. Enter zero if applicable. 1.25 points b. Assume the original facts, except that the home is Steve's vacation home and he vacations there four months each year. Steve does not ever rent the home to others. What gain must Steve recognize on the home sale? eBook Recognized gain on sale Print References Mc Graw Hill