Two years ago, Blitz joined the BT Partnership by contributing land $($held for investment$)$ with a $$10,000$ basis and an $$18,000$ FMV$.$ On January $15$ of the current year, Blitz has a basis in his partnership interest of $$20,000$ and none of his pre$-$contribution gain has been recognized. On January $15,$ Blitz receives a current distribution of property other than the contributed land with a $$15,000$ basis and a $$23,000$ FMV$.$ The partnership continues to hold the land for investment purposes. As a result of the aforementioned Blitz will:

Recognize $$3,000$ of long$-$term capital gain

Recognize no gain or loss

Recognize $$8,000$ of long$-$term capital gain

Recognize $$13,000$ of long$-$term capital gain