Alison Jacobs (single)purchased a home in Las Vegas, Nevada, for $470,000. 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 $799,000. If Alison's tax rate on long-term capital gains is 15percent, what amount of tax will Alison pay on the $329,000 gain?

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The Answer of Alison Jacobs (single)purchased a home in Las Vegas, Nevada, for $470,000. 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 $799,000. If Alison's tax rate on long-term capital gains is 15percent, what amount of tax will Alison pay on the $329,000 gain?

Alison Jacobs (Single)purchased a Home in Las Vegas, Nevada, for $470,000