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Christy contributes land ( FMV = $ 5 0 , 0 0 0 , basis = $ 3 0 , 0 0 0 ) to

Christy contributes land (FMV = $50,000, basis = $30,000) to the ABC partnership, and four years later gets a distribution (that was not assured at the time of the original contribution) of another piece of land (FMV = $60,000, basis = $50,000). Her basis in the partnership interest immediately before the distribution is only $55,000. Assume that she has not contributed any more properties to the partnership, so her net precontribution gain is still $20,000(the unrealized appreciation on the property she contributed), and has been for four years. What will be her basis in the partnership after the distribution?
Group of answer choices
$0
$5,000
$20,000
$10,000

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