Alison Jacobs (single)purchased a home in Las Vegas,Nevada for $400,000.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 $675,000.If Alison's marginal ordinary tax rate is 25% what amount of tax will Alison pay on the $275,000 gain?

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The Answer of Alison Jacobs (single)purchased a home in Las Vegas,Nevada for $400,000.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 $675,000.If Alison's marginal ordinary tax rate is 25% what amount of tax will Alison pay on the $275,000 gain?

Alison Jacobs (Single)purchased a Home in Las Vegas,Nevada for $400,000