During 1998, Chris transferred property basis of $100,000 and a fair market value of $120,000. Cooper Corporation in a 351 exchange. During February 2017, Cooper adopted a plan of liquidation and subsequently made the distribution of the property back to Chris. At the time of liquidation, the property had a fair market value of $80,000 and the corporation basis in the property was still $100,000. What amount of loss can be recognized by Cooper on the distribution property