Heather sells land (adjusted basis $75,000; fair market value, $95,000 ) to a partnership in which she controls an 80% capital interest. The partnership pays her only $50,000 for the land. a. Heather has a : realized loss, which she recognize. b. The partnership later sells the land to a third party for $80,000. The partnership has a realized gain of 4 recognized gain of 5 on its sale of the land