On February 1, 2020, a 39-year-old widow buys a new residence for $200,000. Three months later, she sells her old residence for $380,000 (adjusted basis of $150,000). Selling expenses totaled $26,000. She lived in the old house for 15 years. Required: a. What are the widows realized and recognized gain or loss? b. What is her basis in the new residence?

a. No gain/loss - Amount??

Realized gain - Amount??

b. Basis of new residence - Amount??