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Question: Sayda. a single person, sold her personal residence for $689,000 on December 13. 2016. She had originally purchased the home in 2009 for $302,000, None of the improvements that she made to the premises wore considered capitalized costs. She paid a broker's commission of $27.500 in connection with the sale. Sayda lived In the homo as her primary residence for the entire time she owned it. What is Sayda's realized and recognized gain or loss of the sale of the house? Is the gain or loss capital or ordinary? Is there any exemption or postponement of the gain or loss available to her? Answer the question completely and by showing your calculations.

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