: 12-52 Short Tax Form. On October 29, 2018. Miss Joan Seely (SSN 123-45-6789) sells her principal residence for $150,000 cash. She purchased the redicen on May 12, 2009 for $85,000. She spent $12,000 for capital improvements in 2009. To help sell the house,she pays $300 for minor repairs. The realtors commission amounts to $7,500. Her old residence is never rented or used for business. Complete the worksheets in Publication 523 to determine the recognized gain for Miss Seely for 2018. : 12-52 Short Tax Form. On October 29, 2018. Miss Joan Seely (SSN 123-45-6789) sells her principal residence for $150,000 cash. She purchased the redicen on May 12, 2009 for $85,000. She spent $12,000 for capital improvements in 2009. To help sell the house,she pays $300 for minor repairs. The realtors commission amounts to $7,500. Her old residence is never rented or used for business. Complete the worksheets in Publication 523 to determine the recognized gain for Miss Seely for 2018