Dominique is a manager for a regional bank. He is being relocated several states away to act as a temporary manager while a new branch is interviewing for a permanent manager. He will leave on May $1,2021,$ and will be at the new location for less than one year. He sells his personal residence on April $15,2021,$ for $$123,000($adjusted basis $$95,000).$ Upon completion of the assignment, he purchases a new residence for $$200,000.$

A$.$What are Dominique$$s realized and recognized gain or loss?

$$

$$

B$.$What is Dominique$$s basis in the new residence?

$$

C$.$Assume that Dominique is transferred out of state and sells his new residence for $$230,000$ two months later $($he is single$).$ What are the realized and recognized gains?