Realized Recognized a. 14,000 no gain or loss 0 Cheryl sells her house for $73,000 and pays $4,000 in commissions loss on the sale. She paid $83,000 for the house 4 years earlier. 19,000 gain 10417 b. In July 2020, Alexandra, who is single, is transferred to San Diego. gain She had purchased a new home the previous month for $50,000, and had contracted to make $25,000 of improvements to the house. After the improvements are completed in November, Alexandra sells the house for $97,000 and pays a $3,000 commission on the sale