### What is tanners recognized gain on the sale of the house

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##### Reference no: EM13125656

Tanner, who is single, purchased a house on April 15, 1998 for \$215,000. During the time Tanner owned the house, he installed a swimming pool at a cost of \$21,000 and replaced the deck at a cost of \$18,000. On August 5, 2011, Tanner sold the house for \$570,000. Tanner paid a sales commission of \$30,000 and legal fees of \$800 connected with the sale of the house. What is Tanner's recognized gain on the sale of the house?

a) \$0
b) \$35,200
c) \$250,000
d) \$285,200

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