Frank receives a proportionate current $($nonliquidating$)$ distribution from the AEF Partnership. The distribution consists of $$5,000$ cash and property $($adjusted basis to the partnership of $$54,000$ and fair market value of $$60,000).$ Immediately before the distribution, Frank$$s adjusted basis in the partnership interest was $$2,000.$ His basis in the noncash property received is:

Select one:

a$.$ $$0$

B$.$ $$40,000$

C$.$ $$50,000$

D$.$ $$54,000$

E$.$ None of the above is correct.