Antoine transfers property with a tax basis of $$570$ and a fair market value of $$615$ to a corporation in exchange for stock with a fair market value of $$598$ in a transaction that qualifies for deferral under section $351.$ The corporation assumed a liability of $$17$ on the property transferred. What is Antoine's tax basis in the stock received in the exchange?

Multiple Choice

$$615$

$$598$

$$570$

$$553$