Mariel has a $60,000 basis in her partnership interest just before receiving a parcel of land as

Question:

Mariel has a $60,000 basis in her interest just before receiving a parcel of land as a liquidating distribution. She has no remaining precontribution gain and will receive no other distributions. Under what conditions will Mariel’s basis in the land be $60,000?
Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...