Dawn (single) purchased her home on July 1, 2009. On July 1, 2019, Dawn moved...
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Accounting
Dawn (single) purchased her home on July 1, 2009. On July 1, 2019, Dawn moved out of the home. She rented out the home until July 1, 2020, when she sold the home and realized a $230,000 gain (assume none of the gain was attributable to depreciation). What amount of thje gain is Dawn allowed to exclude from her 2020 gross income? Multiple Choice $0. $23,000. $207,000 $230,000
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