un february Z of the current year, a taxpayer exchanged a bank building with an adjusted tax basis of p000,000 and a mortgage of $275,000 for another bank building with an FMV of $800,000 and a mortgage Of 275.000. The transactions were made subiect to all outstanding mortgages. What amount of gain, if any should the taxpayer recognize in the current year as a result of these transactions A. $0 B. $75,000 C. $200,000 D. $275,000