Reid's personal residence is condemned on September $12,2022,$ as part of a plan to add two lanes to the existing highway. His

adjusted basis is $$380,000.$ He receives condemnation proceeds of $$444,250$ on September $30,2022.$ He purchases another

personal residence for $$416,250$ on October $15,2022.$

Required:

What are Reid's realized and recognized gain or loss?

Note: If there is no gain or loss is recognized, select $"$No gain or loss".