In $2020,$ Adrianna contributed land with a basis of $$16,000$ and a fair market value of $$25,000$ to the A&I Partnership in exchange for a $25\%$ interest in capital and profits. In $2024,$ the partnership distributes this property to Isabel, also a $25\%$ partner, in a current distribution. The fair market value had increased to $$30,000$ at the time the property was distributed. Isabel's and Adrianna's bases in their partnership interests were each $$40,000$ at the time of the distribution.