Yancy's personal residence is condemned as part of an urban renewal project. His adjusted basis for the residence is $404,400. He receives condemnation proceeds of $384,180 and invests the proceeds in stocks and bonds.

If an amount is zero, enter "0".

a. Calculate Yancy's realized and recognized gain or loss. Yancy's realized 19S , and Yancy's recognized is b. If the condemnation proceeds are $422,598, what are Yancy's realized and recognized gain or loss? Yancy's realized is ,and Yancy's recognized is c. Assume the house is rental property. Yancy's adjusted basis is $404,400 and he receives condemnation proceeds of $384,180 and invests the proceeds in stock. What are Yancy's realized and recognized gain or loss? Yancy's realized and Yancy's recognized is