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O D2L Chapter 14 - Homework - 202 x Question 9 - Chapter 14 - Hol 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%253A%252F%252Fconnect.mheducation.com%252Fconnect%25... P S All Bookmarks Chapter 14 - Homework i Saved Help Save Exit Submit 9 Required information [The following information applies to the questions displayed below.] Part 4 of 4 Leticia and Stephanie Sims purchased a home in Spokane, Washington, for $400,000. They moved into the home on February 1 of year 1. They lived in the home as their primary residence until June 30 of year 5, when they sold the home for $700,000. Note: Leave no answer blank. Enter zero if applicable. 1.25 points d. Assume the original facts, except that Stephanie moves in with Leticia on March 1 of year 3 and the couple is married on March 1 of year 4. Under state law, the couple jointly owns Leticia's home beginning on the date they are married. On December 1 of year 3, eBook Stephanie sells her home that she lived in before she moved in with Leticia. She excludes the entire $50,000 gain on the sale on her individual year 3 tax return. What amount of gain must the couple recognize on the sale in June of year 5? Hint Recognized gain Print References Mc Graw Hill