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I need help with the numerical values of these problems. Yancy's personal residence is condemned as part of an urban renewal project. His adjusted basis

I need help with the numerical values of these problems.

image text in transcribed Yancy's personal residence is condemned as part of an urban renewal project. His adjusted basis for the residence is $479,800. He receives condemnation proceeds of $455,810 and invests the proceeds in stocks and bonds. If an amount is zero, enter "0". a. Calculate Yancy's realized and recognized gain or loss. Yancy's realized is $ X, and Yancy's recognized is $ Feedback Check My Work b. If the condemnation proceeds are $501,391, what are Yancy's realized and recognized gain or loss? Yancy's rea Feedback Check My Work C. Assume the house is rental property. Yancy's adjusted basis is $479,800 and he receives condemnation proceeds of $455,810 and invests the proceeds in stock. What are Yancy's realized and recognized gain or loss? Yancy's realized is $, and Yancy's recognized is

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