Fran was transferred from Phoenix to Atlanta. She sold her phoenix residence of 8 years (adjusted basis of 180000) for a realized loss of 40000 and purchased a new residence in Atlanta for 215000 which included a Mortgage note of 100000. What is Frans recognized gain or loss on the sale of the Phoenix residence and her basis for the residence in Atlanta?

A. 0 and 215000

B. (40000) and 180000

C. 0 and 220000

D. (40000) and 215000

E. None of the above