Enter problem tatment, apropriate input type, and other instruction here Jack and Jill form a general partneri Jack contributes a building with a formarket value of $ 600.000 and a tax basis of $700,000 for a 60 capital and profits interest in the partnership Il pertom services with a value of $400.000 and receives a 40 capital and profit interest in the partner. What amount of guns or income must each partner recognce on the transaction OA Jacke 100.000 Jionis no incomer to O regis no gain on Jinnie 400.000 of ordinary ncome OC Nuther norge y income orios OD Jakes 100.000 100.000 dinary income Enter problem tatment, apropriate input type, and other instruction here Jack and Jill form a general partneri Jack contributes a building with a formarket value of $ 600.000 and a tax basis of $700,000 for a 60 capital and profits interest in the partnership Il pertom services with a value of $400.000 and receives a 40 capital and profit interest in the partner. What amount of guns or income must each partner recognce on the transaction OA Jacke 100.000 Jionis no incomer to O regis no gain on Jinnie 400.000 of ordinary ncome OC Nuther norge y income orios OD Jakes 100.000 100.000 dinary income