Please answer correctly i will give a thumbs up$.$ If wrong i will put a thumbs down and reprt so please be accurate Required information

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Coy and Matt are equal partners in the Matcoy Partnership. Each partner has a basis in his partnership interest of $$38,500$ at the end of the current year, prior to any distribution. On December $31,$ each receives an operating distribution. Coy receives $$16,300$ cash. Matt receives $$4,785$ cash and a parcel of land with a $$11,515$ fair market value and a $$6,100$ basis to the partnership. Matcoy has no debt or hot assets.

a$.$ What is Coy's recognized gain or loss? What is the character of any gain or loss?