Joe and John intend to enter into a like$-$kind exchange of real property qualifying for tax treatment under section $1031$ of the Internal Revenue Code. Joe transfers land with a tax basis of $$100,000$ and fair market value of $$400,000,$ subject to a mortgage of $$100,000$ to John. John transfers land worth $$350,000$ subject to a mortgage of $$50,000.$

Please calculate just for Joe:

a$.$ what is the basis in relinquished property?

b$.$ What is the boot given, if any?

c$.$ what are the liabilities assumed by the transferor, if any?

d$.$ What is the gain recognized on boot transfer$/$net liability relief?

e$.$ what is the boot received, if any?

f$.$ what are the liabilities assumed by transferee, if any?

g$.$ what is the loss recognzied on boot transfer, if any?