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 $$390,000.$ He receives condemnation proceeds of $$456,500$ on September $30,2022.$ He purchases another personal residence for $$427,500$ 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".

$\backslash$table$[[,$Amount$],[$No gain or loss,$],[$Realized gain,$]]$