Bryan has $150,000 basis in his partnership interest. The partnership distributes to him cash basis of $35,000, cash basis receivables with a basis of $0 and a FMV of $30,000 and three parcels of land: (Parcel 1 Basis $95,000 FMV $60,000) - (Parcel 2 Basis $60,000----FMV $45,000) - (Parcel 3 Basis $40,000----FMV 35,000).

a. What is Bryans realized gain and how much is recognized?

b. What is the lands substituted basis?

c. What is Bryan adjusted basis for each parcel of Land?