1. M has a qualified income offset of $100 and is subject to minimum gain chargeback. At the beginning of the year, M has 704(b) book capital of ($500). During the year, M is allocated $200 of depreciation expense. The property creating the deduction has a beginning 704(b) book basis of $600. There is a non-recourse loan on the property with an ending balance of $200. Based on these facts, what amount, if any, of a minimum gain chargeback will be recognized by M.

   		$100
   		$500
   		$200
   		$600