Redoubt LLC exchanged an office building used in its business for a rental house. Redoubt originally purchased the building for $800,000, and it had an adjusted basis of $600,000 at the time of the exchange. The rental house had a fair market value of $500,000. No cash or other property was paid or received by Redoubt LLC in the exchange. What is Redoubt's recognized gain or loss on the exchange? Please enter a loss as a negative number