1. Nate sold his main home for $400,000. He paid commissions totaling $20,000. Nate, who is single, purchased the home 15 years ago for $110,000. Over the years, he has spent $13,000 on improvements and $22,000 on repairs to the home. Nate's recognized gain is:
2. $0
3. $20,000.
4. $7,000.
5. $270,000.
6. $257,000.