JvGaming2001
23.04.2021 •
Business
Charlotte purchases a residence for $105,000 on April 13, 2010. On July 1, 2018, she marries Howard and they use Charlotte's house as their principal residence. On May 12, 2020, they sell their home for $390,000, incurring $20,000 of selling expenses, and they purchase another residence costing $350,000. What is their realized and recognized gain?
Realized Recognized
a. $265,000 $15,000
b. $265,000 $45,000
c. $265,000 $ 0
d. $285,000 $65,000
e. $285,000 $ 0
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Ответ:
Now or when?
Explanation: