On August 31, 2018, Harvey and Margaret, who file a joint return and live in Charleston, South Carolina, sell their personal res
idence, which they have owned and lived in for 10 years. The realized gain of $292,000 was excluded under § 121. They purchased another personal residence in Charleston for $480,000 on September 1, 2018. However, in 2019, Harvey's employer transfers him to Houston, Texas. They sell their Charleston home on February 28, 2019, and purchase a new home in Houston. The realized gain on the second sale is $180,000. Harvey and Margaret's recognized gain on the second sale is $_________
Since Harvey and Margaret are married, their § 121 exclusion = $500,000 since they meet all the ownership requirements. The gain resulting from the sale of their Charleston home was fully excluded ($292,000).
Since the sale of the second home is within the two year window period, then the recognized gain will be:
realized gain ($180,000) - § 121 exclusion ($500,000 x 6/24 months = $125,000) = $55,000
The bank puts interest in your account because they take sum of it to loan to ppl and it’s goes through a lot and comes back to your account and then sum
The correct answer is letter "D": Recommendations.
Explanation:
Evidence-based public health (EBPH) practice is the application, and assessment of effective public health programs and policies by applying scientific reasoning principles. It includes several recommendations on basic practices that should be followed to avoid future medical conditions.
Answer:When countries trade, their consumers have access to raw goods at cheaper prices, workers will produce better goods for export, and countries will become Richer..
