Frank,a single person age 52,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 and closed the sale on May 3.
Based on these facts,what is the amount of his recognized gain?

Question

Frank,a single person age 52,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 and closed the sale on May 3.
 Based on these facts,what is the amount of his recognized gain?

Quizplus · Accepted Answer

The Answer of Frank,a single person age 52,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 and closed the sale on May 3.
 Based on these facts,what is the amount of his recognized gain?

Frank,a Single Person Age 52,sold His Home This Year