Question: Helmut contributed land with a basis of $ 5 , 0 0 0 and an FMV of $ 1 0 , 0 0 0 to
Helmut contributed land with a basis of $ and an FMV of $ to the HG Partnership five years ago to acquire a partnership interest. This year the land is distributed to another partner, Gail, when its FMV is $ No other distributions have been made since Helmut became a partner. When the land is distributed to Gail, Helmut recognizes a gain of
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