Find the nates recognized gain

Reference no: EM13985123

Nate sold his main home for $400,000. He paid commissions totaling $20,000. Nate purchased the home 15 years ago for $110,000.

Over the years, he has spent $13,000 on improvements and $22,000 on repairs to the home. Nate's recognized gain is:

Reference no: EM13985123

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