Pierce,a single person age 60,sold his home this year.He had lived in the house for 10 years.He signed a contract on March 4 to sell his home. Based on these facts,what is the amount of his recognized gain?

Question

Pierce,a single person age 60,sold his home this year.He had lived in the house for 10 years.He signed a contract on March 4 to sell his home.  Based on these facts,what is the amount of his recognized gain?

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The Answer of Pierce,a single person age 60,sold his home this year.He had lived in the house for 10 years.He signed a contract on March 4 to sell his home.  Based on these facts,what is the amount of his recognized gain?

Pierce,a Single Person Age 60,sold His Home This Year