Will exchanges a building with a FMV of $80,000, a basis of $35,000, and subject to a liability of $30,000 for land with a FMV of $50,000 owned by Jane. What is the amount realized by Will?Monte inherited 1,000 shares of Corporation Zero stock from his father who died on March 4, of the current year. His father paid $30 per share for the stock on September 2, 1985. The FMV of the stock on the date of death was $100 per share. On September 4 this year, the FMV of the stock was $110 per share. The executor did not elect the alternate valuation date. Mr. Moore sold the stock for $130 per share on December 3. What is the amount and nature of any gain or loss?