Cliffs basis in his Aero Partnership interest is $17,500. Cliff receives a distribution of $26,800 cash from Aero in complete liquidation of his interest. Aero is an equal partnership with the following balance sheet:

	Tax Basis	FMV
Assets
Cash	$ 26,800	$ 26,800
Investment	22,800	22,800
Land	2,900	43,000
Totals	$ 52,500	$ 92,600
Liabilities and capital
CapitalChris	$ 17,500
CapitalCliff	$ 17,500
CapitalCooper	$ 17,500
Totals	$ 52,500

b. If Aero has a 754 election in place, what is the amount of the special basis adjustment?