44.   LO.1 Anne sold her home for $290,000 in 2015. Selling expenses were $17,400. She purchased it in 2009 for $200,000. During the period of ownership, Anne  had done the following:

•     Deducted $50,500 office-in-home expenses, which included $4,500 in deprecia- tion. (Refer to Chapter 9.)

•     Deducted a casualty loss in 2011 for residential trees destroyed by a hurricane.       The total loss was $19,000 (after the $100 floor and the 10%-of-AGI floor), and Anne’s insurance company reimbursed her for $13,500. (Refer to Chapter   7.)

•     Paid street paving assessment of $7,000 and added sidewalks for $8,000.

•     Installed an elevator for medical reasons. The total cost was $20,000, and Anne deducted $13,000 as medical expenses. (Refer to Chapter 10.)

What is Anne’s realized gain?

 

 

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