Question: On August 8 , 2 0 2 3 , Sam, single, age 6 2 , sold for $ 2 1 0 , 0 0 0

On August 8,2023, Sam, single, age 62, sold for $210,000 his principal residence, which he has lived in for 10 years, and which had an adjusted basis of $60,000. On November 1,2023, he purchased a new residence for $80,000. For 2023, how much gain should Sam recognize on the sale of his residence?

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