Bill received $$15,000$ cash and a capital asset with a basis and FMV of $$35,000$ in a proportionate liquidating distribution. His basis in the partnership interest was $$65,000$ prior to the distribution. How much gain or loss does Bill recognize, and what is his basis in the capital asset received in the distribution?

a$.$ $$0$ gain or loss; $$35,000$ basis.

b$.$ $$15,000$ loss; $$35,000$ basis.

c$.$ $$15,000$ gain; $$35,000$ basis.

d$.$ $$0$ gain or loss; $$50,000$ basis.