Able, an individual, is a partner in CD Partnership with an adjusted basis of $$30,000$ for

Able's partnership interest. Able received a non$-$liquidating distribution of $$25,000$ cash and

property with an adjusted basis of $$7,000,$ and a fair market value of $$10,000.$ What amount

of gain should Able recognize?

A$.$ $$0$

B$.$ $$2,000$

C$.$ $$5,000$

D$.$ $$12,000$

Note:

Could you please provide Complete Solution with Detailed Explanation

Thank you