Nana is a self-employed consultant.For the past five years,she has used an extra bedroom (15% of the house)in her home as a qualifying home office and deducted $9,000 of depreciation expense.This year she sells the house for $740,000.The house cost $500,000.Nana is single.She will recognize gain on the sale of the house of
A)$0.
B)$9,000.
C)$45,000.
D)$249,000.

Question

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The Answer of Nana is a self-employed consultant.For the past five years,she has used an extra bedroom (15% of the house)in her home as a qualifying home office and deducted $9,000 of depreciation expense.This year she sells the house for $740,000.The house cost $500,000.Nana is single.She will recognize gain on the sale of the house of
A)$0.
B)$9,000.
C)$45,000.
D)$249,000.

Nana Is a Self-Employed Consultant