On January $1$ of the current year, Anna and Jason form an equal partnership. Anna contributes $$50,000$ cash and a parcel of land $($adjusted basis of $$200,000$ fair market value of $$150,000)$ in exchange for her interest in the partnership. Jason contributes property $($adjusted basis of $$180,000$ fair market value of $$200,000)$ in exchange for his partnership interest. Answer the following showing your calculations:

What is the amount of gain or loss, if any, that Jason recognizes on his property transfer.

What is Jason$$s tax basis for his partnership interest.

What is Anna$$s tax basis for her partnership interest.

What is the amount of gain or loss, if any, that Anna recognizes on the transfer.

What is the partnership$$s adjusted basis in the land contributed by Anna.