I:$5-32$ Sylvia, a dentist with excellent skills as a carpenter, started the construction of a house

that she planned to give to her son as a surprise when he returned from military

service overseas. She began construction on March $23,2019,$ and finished the

house on July $10,2020,$ at a total cost of $$70,000.$ Her son is expected to be home on

September $1,2020.$

On July $30,2020,$ Roscoe offered Sylvia $$245,000$ for the house and Sylvia considered

the offer to be so attractive that she accepted it$.$ She decided that she could purchase a

suitable home for her son for about $$200,000.$ What tax issues should Sylvia consider?