Lisa transferred land worth $200,000, with a tax basis of $40,000, to PIE Corporation, an existing entity, for 800 shares of its stock. PIE Corporation has two other shareholders, Bill and Bob, each of whom holds 100 shares. With respect to the transfer:. A) Lisa has no realized gain
B) Pie has a basis of $160,000 in the land
C) Lisa has a basis of $200,000 in her 800 shares of Pie
D) Lisa has a basis of $40,000 in her 800 shares of Pie
E) None of the above.

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