Part A On January 5, 2020, Brad (a single taxpayer) sells his principal residence with an adjusted basis of $670,000 for $990,000. He has owned and occupied the residence for 20 years. He pays $32,000 in commissions and $3,000 in legal fees in connection with the sale. One month before the sale, Brad painted the exterior of the house at a cost of $7,000 and repaired various items at a cost of $2,750. What is Brad's recognized gain on the sale of his residence? Part B a Mary, aged 57 is single, sells her personal residence on July 1, 2020 for $525,000. She purchased the home for $305,000 in September 1, 2019 after living in a rental apartment for the past 15 years. In early 2020, Mary developed severe health problems and her doctors recommended that she move to a warmer climate. What is Mary's recognized gain on the sale of her residence