Question Content AreaMateo exchanges a rental house at the beach with an adjusted basis of $$225,000$ and a fair market value of $$200,000$ for a rental house at the mountains with a fair market value of $$180,000$ and cash of $$20,000.$ What is the recognized gain or loss?

a$.($$$20,000)$

b$.$ $$0$

c$.($$$25,000)$

d$.$ $$20,000$