HUV partnership distributes to one of its partners, Helen, $15,000 cash and land worth

$30,000 (basis to HUV of $51,000). Which of the following is a correct statement if Helen’s basis in HUV is $56,000 immediately before the distribution?

a. HUV recognizes a $21,000 loss.

b. Helen’s basis in the land she receives is $41,000.

c. Helen recognizes $10,000 gain as a result of the distribution.

d. Helen’s basis in her partnership interest after the distribution is $11,000.