Week 10 - Chapter 14 Homework i Saved 3 Part 2 of 4 0.5 points ! Required information [The following information applies to the questions displayed below.] Troy (single) purchased a home in Hopkinton, Massachusetts, on January 1, 2007, for $305,000. He sold the home on January 1, 2020, for $326,400. How much gain must Troy recognize on his home sale in each of the following alternative situations? (Leave no answer blank. Enter zero if applicable.) eBook Hint b. Troy lived in the home as his principal residence from January 1, 2007, through December 31, 2015. He rented out the home from January 1, 2016, through the date of the sale. Assume accumulated depreciation on the home at the time of sale was $6,450. Recognized gain Print References