This is for 2018 tax prep for 2017 tax year

27. Stewart, age 44, sells his personal residence of 4 years on June 14, 2017, for $190,000. The expenses of sale are $15,000 and he has paid for capital improvements of $3,000. Stewart purchased the residence for $100,000. On February 2, 2018, Stewart purchases and occupies a new residence at a cost of $200,000. Calculate the gain realized on the sale of Stewart's residence. How much gain must be recognized on the sale of Stewart's residence? Calculate Stewart's basis in the new residence