Pitts9900 Pitts9900 27-05-2023 Business contestada Taxpayer exchanges 1031 property (basis of $105,000) for property with a FMV of $100,000 and RECEIVES $15,000 in cash boot. What is the taxpayer's recognized gain or loss? a. ($10,000). b. $0. c. $10,000. d. $15.000*