The Joe and Cindy Jones have been married since 2010. On March 01, 2015, the Jones' purchased their first home for $438,000. On April 01, 2017, the home sustained substantial damage caused by fire. The insurance company reimbursed them $218,000 for the fire damage, of which they used $115,000 to restore and repair the damages caused by the fire. The remaining portion of the insurance proceeds was invested in the stock market. On May 28, 2018, the Jones' sold there home for $954,000, and purchased a new home for $650,000 on July 01, 2018. As a result of Cindy's employer relocated to Florida, the Jones sold the new home on December 31, 2019, for $1.265,000 What is their recognized gain in 2018 and 2019 from the sale of the old home and new old assuming they used whatever strategy available to them to minimize their tax liability? Explain your answer and show all calculations