8) Jangyoun sells investment land having a $30,000 basis to a partnership in which he has a 60% partnership interest. The partnership pays $26,000 (FMV) for the land. Later, the partnership sells the investment land to a nonpartner for $31,000. On the sale of the land, the partnership must recognize a A) $1,000 capital gain. B) $0 gain or loss. C) $4,000 capital gain and $1,000 See. 1231 gain. D) $5,000 capital gain