Question: Bushra owns land with an adjusted basis of $ 9 1 5 , 0 0 0 , subject to a mortgage of $ 5 2

Bushra owns land with an adjusted basis of $915,000, subject to a mortgage of $525,000. On May 2nd, Bushra sells her land subject to the mortgage for $975,000 in cash, a note for $900,000 and property with a fair market value of $180,000. What is the amount realized?
a.
$2,730,000
b.
$2,580,000
c.
$1,875,000
d.
$2,055,000
e.
None of the choices presented are correct.

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