During 2022, Jamal and Judy, a married couple, decided to sell their residence, which had a basis of $300,000. They had owned and occupied the residence for 20 years. To make it more attractive to prospective buyers, they had the outside painted in April at a cost of $6,000 and paid for the work immediately. They sold the house in May for $880,000. Brokers commissions and other selling expenses amounted to $53,000. Since they both are age 68, the couple decides to move into a rented apartment. What is the recognized gain? $0$17,000 $27,000 $527,000