Marty is contemplating a 1031 exchange but, since boot will be involved in the exchange, he is concerned about the maximum taxable gain he may suffer. marty''s tax advisor explains to him that, under 1031(b), there is a gain limitation with the maximum taxable amount being equal to or less than either:

A. the boot given or the realized gain. 

B. the net boot received or the realized gain. 

C. the boot given or the adjusted basis of property received. 

D. the boot received or the carryover basis of property given