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Smith, who is single, purchased a house to use as rental property on April 1, 2008, for $400,000. He moved into the house on March

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Smith, who is single, purchased a house to use as rental property on April 1, 2008, for $400,000. He moved into the house on March 1, 2020, and used it as a personal residence until August 1, 2021, when he sells the house for $570,000. Depreciation allowed while property was used as rental property amounts to $30,000. Read the requirement. Determine his (a.) realized gain on the sale. (Enter a 0 if no gain is realized.) Smith's realized gain on the sale amounts to Determine his (b.) recognized gain on the sale. (Enter a 0 if no gain is recognized.) Smith's recognized gain on the sale amounts to Determine his (c.) recognized gain on the sale if the house is sold on August 1, 2022, for $570,000. (Use months for any necessary proration calculations. Do not round intermediary calculations. Only round the amount you input in the field to the nearest dollar. Enter a 0 if no gain is recognized.) Smith's recognized gain on the sale amounts to

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