Louis, who is single, sold his house in St. Louis at a gain of $240,000 on June 8, 2015. He properly excluded the gain. He took another job in Memphis. He purchased a new home in Memphis for $225,000 on August 5, 2015. Louis was transferred by his employer to New Orleans. Louis sold his Memphis house at a $36,000 gain on October 15, 2015. What is Louis's recognized gain on the Memphis house?

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The Answer of Louis, who is single, sold his house in St. Louis at a gain of $240,000 on June 8, 2015. He properly excluded the gain. He took another job in Memphis. He purchased a new home in Memphis for $225,000 on August 5, 2015. Louis was transferred by his employer to New Orleans. Louis sold his Memphis house at a $36,000 gain on October 15, 2015. What is Louis's recognized gain on the Memphis house?

Louis, Who Is Single, Sold His House in St