Gearty’s adjusted basis in Worthington Company, a partnership, was $18,000 at the time Gearty received the following proportionate nonliquidating distributions of partnership property:

Cash................................................$ 6,000
Land
Adjusted basis................................14,000
Fair market value...........................12,000
Inventory
Adjusted basis..................................7,000
Fair market value...........................10,000

What is Gearty’s tax basis in the land received from the partnership?

a. $0

b. $5,000

c. $12,000

d. $14,000