Question: . Gordon transfers a building with a $ 2 0 0 , 0 0 0 market value. $ 1 0 0 , 0 0 0

. Gordon transfers a building with a $200,000 market value. $100,000 basis in addition to a $110,000 nonrecourse debt on the building, to a partnership in exchange for a 50 percent capital interest. The partnership has no other debt. If 50 percent of the nonrecourse debt is allocated to Gordon, what gain or loss must Gordon recognize? which of these options: 1.$45,000 gain 2. no gain or loss recognzied 3.10,000 gain 4.(45,000) loss 5.55,000 gain

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