Anita has a one half interest in a AB partnership.

Anita's basis in her interest at the beigining of the current year is 75,000.

During the year the follwoing events presents

Partnership liabilities increase by 50,000

Partnership earnes 60,000 of orndinary income

Partnership recognizes 20,000 of capital loses

Partership incurs 3,000 of mom dedcutible expenses

Partnership earns 10,000 of tax exempt interest

Anita withdraws $15,000 in cash

Anita contributes land having a 20,000 adjusted basis and a 100,000 FMV as an additioanl capital contribution without increasing her interest in the partnership

a. What gain (if any) does anita recognixe on the transfer of the land to the partnership?

b. What is Anita's basis in her partenershio interest at the end of the current year?