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Jane transfers property ( basis of $ 1 8 0 , 0 0 0 and fair mart value c 5 0 0 ) t Gre

Jane transfers property (basis of $180,000 and fair mart value c 500)t Gre Coportin to 80% of its stock (worth $425,000) and a long-term note worth 57,00, eated by Gre Comprator and made payable to Jane. As a result of the transfer:O Jane recognizes a gain of $320,000.O Jane recognizes a gain of $270,000.O Jane recognizes no gain.O Jane recognizes a gain of $75,000.

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