Question: Greg transfers property worth $ 1 0 0 , 0 0 0 ( basis = $ 5 , 0 0 0 ) to a corporation

Greg transfers property worth $100,000(basis = $5,000) to a corporation and receives a note from the corporation valued at $100,000. Greg's realized gain or loss on this transaction is
Multiple choice question.
$0.
$95,000.
$100,000.

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