8. LO.2, 7 Constanza, who is single, sells her current personal residence (adjusted basis of $165,000) for

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8. LO.2, 7 Constanza, who is single, sells her current personal residence (adjusted basis of $165,000) for $450,000. She has owned and lived in the house for 30 years. Her selling expenses are $22,500. What is Constanza’s realized and recognized gain?

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