Jenni transferred 100 percent of her stock in New York Company to New Jersey Corporation in a transaction qualifying as a Type A merger. In the exchange, she received stock in New Jersey with a fair market value of $500,000 plus $250,000 in cash. Jenni's tax basis in her New York Company stock was $1,000,000. What amount of gain or loss, if any, does Jenni recognize in the exchange? (Enter a gain as a positive number and a loss as a negative number)