A partner owns property that the partnership considers desirable to own for business purposes. The property is currently worth much more than the partner paid for it. The partnership guarantees the partner that, within 18 months of contributing their property and becoming a partner, they will receive a distribution equal to the fair market value (FMV) of the property at that time. The FMV of the property is expected to be considerably higher by the time of the distribution. Will a gain on the property contributed to the partnership by the partner be recognized by any party based on the circumstances given? Question 4Select one: a. No gain will be recognized until the partnership actually sells the property to an outside party. b. The partner will recognize a gain when they receive their distribution after 18 months because this is a "disguised sale." c. No gain will be recognized. d. The partnership will recognize a gain and all partners will share it