Question: On August 3 1 , 2 0 2 2 , Nolan and Lei, who file a joint return and live in Charleston, South Carolina, sell

On August 31,2022, Nolan and Lei, who file a joint return

On August 31,2022, Nolan and Lei, who file a joint return and live in Charleston, South Carolina, sell their personal residence, which they have owned and lived in for 10 years. The realized gain of $292,000 was excluded under $121. They purchased another personal residence in Charleston for $480,000 on September 1,2022.
In 2023, Nolan's employer transfers him to Houston, Texas. The couple sells the Charleston home on February 28,2023, and purchases a new home in Houston. The realized gain on the second sale is $180,000.
Do not round any division.
What is Nolan and Lei's recognized gain on the second sale?
and live in Charleston, South Carolina, sell their personal residence, which they

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