Tax Drill $-$ Adjustments to Property Transactions

Peyton sells an office building and the associated land on May $1,2023.$ Under the terms of the sales contract, Peyton is to receive $$1,600,000$

in cash. The purchaser is to assume Peyton's mortgage of $$950,000$ on the property. To enable the purchaser to obtain adequate financing,

Peyton is to pay the $$9,000$ in points charged by the lender. The broker's commission on the sale is $$75,000.$ The purchaser agrees to pay the

$$24,000$ in property taxes for the entire calendar year.

What is Peyton's amount realized?

The amount realized by Peyton is $

$x.$