Question

In each case, the property has been used as a principal residence for the period described,...

In each case, the property has been used as a principal residence for the period described, and subject to the facts as described.  The basis shown is AFTER the depreciation. Complete the blanks:

Period of Use

Sales Price

Basis

Depreciation

Gain Recognized

3 years before sale; all residence

450,000

200,000

-0-

3 years before sale; 10% office in home use

450,000

200,000

4,000

2 years rental followed by 3 years residence

450,000

200,000

30,000

3 years residence followed by 2 years rental

450,000

200,000

30,000

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