Helen, a 55% partner in the ABC Partnership, owns land (a capital asset) having a $20,000 basis

Question:

Helen, a 55% partner in the ABC Partnership, owns land (a capital asset) having a $20,000 basis and a $25,000 FMV. She plans to transfer the land to the ABC Partnership, which will subdivide the land and sell the lots. Discuss whether Helen should sell or contribute the land to the partnership.