mining 24 minutes 46 seconds Questions Carios, who is singlesells his personal residence on July 10, 2020, for $500.000 (the buyer paid $200,000 in cash at closing and signed a note for the balance). In addition, the buyer sumed a mortgage of $160.000 on the house His adjusted basis in the house he solid was $325,000 and had owned and lived in the home for years. Carlos pays realtor's commissions of $30,000 (a) Calculate Carlos's amount realized and realized gain from the sale of the residence (b) Calculate Carlos's recognized gain. Be sure to show the amount of gain, if any, that Carlos may exclude under Section 121 (c) How much gain would Carlos ecognize the wore married ting a joint tax return? (d) Carlos purchases another residence on July 31, 2020, for $450,000. What is Carlos's basis in this new residence? Be sure to label each answer clearly and show every calculation that you make so you can receive Any Applicable pertin.se Fotobar press ALTO POF ALTFF10 (Mac) B TVS Paragraph Aria x X, 8. 1. 5px iii . Til IXO O Q 13 B FR + ) :: mining 24 minutes 46 seconds Questions Carios, who is singlesells his personal residence on July 10, 2020, for $500.000 (the buyer paid $200,000 in cash at closing and signed a note for the balance). In addition, the buyer sumed a mortgage of $160.000 on the house His adjusted basis in the house he solid was $325,000 and had owned and lived in the home for years. Carlos pays realtor's commissions of $30,000 (a) Calculate Carlos's amount realized and realized gain from the sale of the residence (b) Calculate Carlos's recognized gain. Be sure to show the amount of gain, if any, that Carlos may exclude under Section 121 (c) How much gain would Carlos ecognize the wore married ting a joint tax return? (d) Carlos purchases another residence on July 31, 2020, for $450,000. What is Carlos's basis in this new residence? Be sure to label each answer clearly and show every calculation that you make so you can receive Any Applicable pertin.se Fotobar press ALTO POF ALTFF10 (Mac) B TVS Paragraph Aria x X, 8. 1. 5px iii . Til IXO O Q 13 B FR + )