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Problem 47 (Algorithmic) sale of a Personal flesidence (L04.6) Lary Gaines, a single taxpayer, age 42, seils his personal residence on November 12,2021 , for

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Problem 47 (Algorithmic) sale of a Personal flesidence (L04.6) Lary Gaines, a single taxpayer, age 42, seils his personal residence on November 12,2021 , for $196,400. He tived in the house for 7 years. The expensis of the sale ay $13,748, and he has made capital improvements of $5,892. Larry's cost besis in his residence is $113,912. On November 30,2021 , tarry purchases and occupits a nek residence at a cost of $245,500. Calculate Larry's realized gain, recognazed gain, and the adjusted basis of his new residence. If an amount is zero, enter " 01

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