Heather sells land (adjusted basis, $256,400; fair market value, $333,320) to a partnership in which she controls an 80% capital interest. The partnership pays her only $179,480 for the land.

A. How much loss does Heather realize and recognize? Realized loss: 76,920

Recognized loss: 0

B. If the partnership later sells the land to a third party for $282,040, how much gain does that partnership realize and recognize?

Realized Gain: 102,560

Recognized Gain: ??????

I am only struggling with the recognized gain for part B.