Question: Please help me understand how to calculate the RECOGNIZED gain. Thank you. Please note, the answer is NOT 19,000, 10,417, or 8,533 (I have already

Please help me understand how to calculate the RECOGNIZED gain. Thank you. Please note, the answer is NOT 19,000, 10,417, or 8,533 (I have already tried ALL of these calculations)

19,000 gain 8,532 X In July 2020, Alexandra, who is single, is transferred to San Diego, gain She had purchased a new home the previous month for $50,000, and had contracted to make $25,000 of improvements to the house. After the improvements are completed in November, Hlexandra sells the house for $97,000 and pays a $3,000 kommission on the sale

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