Facts: Cheryl bought a home on April $1,2023$ for $$370,000.$ The home was her principal residence until November $30,2023$ when she sold the home due to a job

change that required her to move to another state $(210$ miles away$).$ The home sold for $$465,000.$ Cheryl is single and this was the first home she's ever owned.

She made no significant improvements to the home while living there.

Requirements:

Research the following issue: What is Cheryl's realized gain on the home sale? How much of the gain, if any, must be recognized on her $2023$ tax return? Use IRC and regulations as authority