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 tax rate for long term capital gain is 15% 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 tax rate for long term capital gain is 15% what amount of tax will Alison pay on the $275,000 gain?

Alison Jacobs (Single) Purchased a Home in Las Vegas, Nevada