Jacob Is a Partner in the JB Partnership with a Basis

Multiple Choice

Jacob is a partner in the JB Partnership with a basis in his partnership interest is $35,000.He receives a nonliquidating distribution of $25,000 cash and real property with a partnership basis of $18,000 and a fair market value of $30,000.How much taxable gain will Jacob recognize on the distribution?

A) 0
B) $8,000
C) $20,000
D) $43,000