Frank,a single person,sold his home this year.He had owned and lived in the house for 10 years.Frank signed a contract on March 4 to sell his home and closed the sale on May 3. 
Based on these facts,what is the amount of his recognized gain?
A) $0
B) $39,800
C) $40,000
D) $52,000
Correct Answer:
Verified
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