Travis and His Three Sisters Are Equal Partners in the Heron

Travis and his three sisters are equal partners in the Heron Partnership.In 2010,Travis sells property (basis of $300,000) to Heron for its fair market value of $280,000.In 2012,Heron sells the property to a third party for $290,000.Which of the following statements correctly describes these transactions?

A) Travis has no recognized loss, and Heron has a recognized gain of $10,000.
B) Travis has no recognized loss, and Heron has no recognized gain or loss.
C) Travis has a recognized loss of $20,000, and Heron has no recognized gain or loss.
D) Travis has a recognized loss of $20,000, and Heron has a recognized gain of $10,000.
E) None of the above.