Charlotte purchases a residence for $105,000 on april 13, 2006. on july 1, 2017, she marries howard and they use charlotte's house as their principal residence. if they sell their home for $390,000, incurring $20,000 of selling expenses and purchase another residence costing $350,000. which of the following statements is/are correct concerning the sale of their personal residence?
i. if they sell the residence on june 1, 2019, they must recognize a gain of $15,000 on the sale
ii. if they sell the residence on august 1, 2019, they will recognize no gain on the sale.

Jose recently died with a probate estate of $900,000. he was predeceased by his wife, guadalupe, and his daughter, lucy. he has two surviving children, pete and fred. jose was also survived by eight grandchildren, pete’s three children, naomi, daniel, nick; fred’s three children, heather, chris and steve; and lucy’s two children, david and rachel. jose’s will states the following “i leave everything to my three children. if any of my children shall predecease me then i leave their share to their heirs, per stirpes.” which of the following statements is correct? (a) under jose’s will rachel will receive $150,000. (b) under jose’s will chris will receive $150,000. (c) under jose’s will nick will receive $100,000. (d) under jose’s will pete will receive $200,000.