Alison Jacobs (single)purchased a home in Las Vegas, Nevada, for $522,000. She moved into the home on September 1, year 0. She lived in the home as her primary residence until July 1 of year 4, when she sold the home for $809,100. If Alison's tax rate on long-term capital gains is 15percent, what amount of tax will Alison pay on the $287,100 gain?

Question

Quizplus · Accepted Answer

The Answer of Alison Jacobs (single)purchased a home in Las Vegas, Nevada, for $522,000. She moved into the home on September 1, year 0. She lived in the home as her primary residence until July 1 of year 4, when she sold the home for $809,100. If Alison's tax rate on long-term capital gains is 15percent, what amount of tax will Alison pay on the $287,100 gain?

Alison Jacobs (Single)purchased a Home in Las Vegas, Nevada, for $522,000