U m til Dasis of the new residence? 1:12-41 Sale of a Principal Residence. Mr. and Mrs. Rusbarsky purchased a residence on June 2016, for $200,000. On March 12, 2019, they sell the residence for $300,000; ing expenses amount to $11,000. They purchase another house in a new subdivision $275,000. Determine the gain realized and recognized. 1:12-42 Sale of Principal