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61.Robert transfers property with a tax basis of $400 and a fair market value of $500 to a corporation in exchange for stock with a

61.Robert transfers property with a tax basis of $400 and a fair market value of $500 to a corporation in exchange for stock with a fair market value of $350 in a transaction that qualifies for deferral under section 351. The corporation assumed a liability of $150 on the property transferred. What is the amount realized by Robert in the exchange?

A. $500

B. $400

C. $350

D. $250

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