1. For the past ten years, the Martins lived in a townhouse in Long Island with an adjacent empty lot. In January of the current 2020, Mr. Martin opened three laundromats and moved the family to Manhattan. The purchaser of their residence did not wish to own the empty lot and only bought the townhouse. However, in late August, they sold the vacant lot to another individual for $300,000. The house and the lot were never used by the Martins in a trade or business or held for investment. The realized gains resulting from the two sales are computed as follows:

	Townhouse	Vacant Lot
	January Sale	August Sale
Selling price	$540,000	$300,000
Minus: Selling expenses	(12,000)	(9,000)
Amount realized	$528,000	$291,000
Minus: Basis (original purchase price)	(252,000)	(48,000)
Realized gain	$276,000	$243,000

As a result of the sales described above, what is the amount of realized gain that must be recognized during the current year?