Lana owned a house used as a rental property for three years. During this rental period, she took $60,000 of depreciation deductions. Lana moved into the house and has used it as her principal residence for the past two years. Lana has just sold the house and realized a $200,000 gain. She will recognize gain of
A. $144,000.
B. $200,000.
C. $60,000.
D. $0.
Answer: A
Business
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