Aisha is an accountant for a global CPA firm. She is being temporarily transferred from the Raleigh, North Carolina, office to Tokyo. She

will leave Raleigh on October $7,2022,$ and will be out of the country for four years. She sells her personal residence on September $30,$

$2022,$ for $$216,250($her adjusted basis is $$180,000).$ Upon her return to the United States in $2026,$ she purchases a new residence in

Los Angeles for $$199,500,$ where she will continue working for the same firm.

Required:

a$.$ What are Aisha's realized and recognized gain or loss?

Note: If there is no gain or loss is recognized, select $"$No gain or loss".

b$.$ What is Aisha's basis in the new residence?