Multiple Choice
Pierce, a single person age 60, sold his home this year. He had lived in the house for 10 years. He signed a contract on March 4 to sell his home. Based on these facts, what is the amount of his recognized gain?
A) $0
B) $25,000
C) $40,000
D) $275,000
Correct Answer:

Verified
Correct Answer:
Verified
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