Question: Exercise 13-42 (Algorithmic) (LO. 8) Constanza, who is single, sells her current personal residence (adjusted basis of $204,000) for $571,200. She has owned and lived

Exercise 13-42 (Algorithmic) (LO. 8)

Constanza, who is single, sells her current personal residence (adjusted basis of $204,000) for $571,200. She has owned and lived in the house for 30 years. Her selling expenses are $28,560.

What is Constanzas realized and recognized gain? Constanzas realized gain is $ and her recognized gain would be $.

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