Borat owns a 20 % interest in a general partnership. In a current distribution (Borat remains a partner after the distribution) Bornt roniven enh of $50,000 and a pinch of land with a finire market value of $200,000 and a tax basis of $70,000 Borats tax basis in his partnership interest immediately before the distribution was $30,000. What gain or loss does Borut recognize and what is a basis in the land received in the distribution ? OA Gain recognized $80,000 basis in and 70,000 OB Gain recognised $220,000, basin and $200,000 OC Gain recognued 20,000, basis inland $0 OD. Gain recognized $20,000; basis in and $70.000