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Yost received $300$ NQOs $($each option gives Yost the right to purchase $10$ shares of Cutter Corporation stock for $$15$ per share$).$ At the time he started working for Cutter Corporation three years ago, Cutter's stock price was $$15$ per share. Yost exercised all of his options when the share price was $$26$ per share. Two years after acquiring the shares, he sold them at $$47$ per share. $!$

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Problem $14-44($LO $14-2)($Static$)$

$[$The following information applies to the questions displayed below.$]$

Troy $($single$)$ purchased a home in Hopkinton, Massachusetts, on January $1,2007,$ for $$300,000.$ He sold the home on

January $1,2023,$ for $$320,000.$ How much gain must Troy recognize on his home sale in each of the following alternative

situations?

Note: Leave no answer blank. Enter zero if applicable.

Problem $14-44$ Part d $($Static$)$

d$.$ Troy rented out the home from January $1,2007,$ through December $31,2018.$ He lived in the home as his principal residence from

January $1,2019,$ through December $31,2019.$ He rented out the home from January $1,2020,$ through December $31,2020,$ and lived in

the home as his principal residence from January $1,2021,$ through the date of the sale. Assume accumulated depreciation on the home

at the time of sale was $$0.$

Note: Do not round intermediate calculations. Round your final answer to the nearest whole dollar amount.

Note: Input all amounts as positive values. Leave no answer blank. Enter zero if applicable.

Problem $12-28$ Part b $($Static$)$

b$.$ What are Cutter Corporation's tax consequences $($amount of deduction and tax savings from deduction$)$ on the grant date, the exercise date, and the date Yost sold the shares?

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