Identified Recognized gain, Realized gain and Exch personal residence. Bob and Elizabeth Brown, a married couple, sell the residence to Tamel. Tamel pays $660,000 and assumes their $90,000 m To make the sale, the Browns pay $20,000 in commi in legal costs. The couple has owned and lived in the house for seve tax basis is $200,000. Realized gain Choose... Recognized gain Choose... Exclusion Allowed Choose