Question: 9. Wanda receives a proportionate current (nonliquidating) distribution from the WXY Partnership. The distribution consists of $15,000 cash and land (adjusted basis to the partnership

9. Wanda receives a proportionate current (nonliquidating) distribution from the WXY Partnership. The distribution consists of $15,000 cash and land (adjusted basis to the partnership of $43,000 and fair market value of $77,000). Immediately before the distribution, Wanda's adjusted basis in her partnership interest was $48,000. Her basis in the land received is: A. $77,000. B. $33,000. C. $48,000. D. $43,000

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