Question 4 1 pts At the formation of Berry Partnership, Straw contributes land with a basis of $165,000 and a fair market value of $495,000, and Rasp contributes cash of $495,000. Straw and Rasp share profits and losses equally. When the land is sold two years later for $825,000, Rasp must recognize a gain of how much? $495,000 $660,000 $330,000 $165,000