On April 10, Year 1, Reuben contributed land in exchange for a 25% partnership interest in Larson

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Question:

On April 10, Year 1, Reuben contributed land in exchange for a 25% partnership interest in Larson Partners. The fair market value of the land at that time was $60,000, and Reuben's adjusted basis was $25,000. On November 1, Year 5, Larson distributed that land to another partner. The fair market value at that time was $65,000. What is the amount of Reuben's recognized gain from the transfer of the land by Larson to another partner?

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-A.
-$35,000
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-B.
-$25,000
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-C.
-$40,000
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-D.
-$5,000