Aretha sells her house on June 9, 2017, for $220,000 and pays commissions of $10,000 on the sale. She had purchased the house for $60,000 and made capital improvements costing $15,000. What are Aretha’s realized and recognized gain in each of the following cases?

a. Aretha is single and acquired the house on September 15, 2009.

b. Assume the same facts as in part a, except that Aretha sold the house for $375,000 and pays commissions of $30,000 on the sale.

c. Aretha is single and acquired the house on September 1, 2016. She sold the house because her company transferred her to Phoenix.

d. Assume the same facts as in part c, except that she moved to Phoenix to enter medical school.