What is the amount realized by roberta in the exchange

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Question - Roberta transfers property with a tax basis of $400 and a fair market value of $500 to a corporation in exchange for stock with a fair market value of $350 in a transaction that qualifies for deferral under Section 351. The corporation assumed a liability of $150 on the property transferred. What is the amount realized by Roberta in the exchange?

A. $400

B. $350

C. $500

D. $250

Reference no: EM131802636

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