Aretha sells her house on June 9, 2011, for $220,000 and pays commissions of $10,000 on the sale. She had purchased the house for $60,000 and made capital improvements costing $15,000. What are Aretha’s realized and recognized gains in each of the following cases?

a. Aretha is single and acquired the house on September 15, 2003.

b. Assume the same facts as in part a, except that Aretha sells the house for $375,000 and pays commissions of $30,000 on the sale.

c. Aretha is single and acquired the house on September 1, 2010. She sells the house because her company transfers her to Phoenix.

d. Assume the same facts as in part c, except that Aretha moves to Phoenix to enter medical school.