Jacob owns a $30\%$ interest in the capital and profits of Royalty Inc. $($a partnership. Lindee owns the other $70\%).$ His basis in his partnership interest is $$40,000.$ In a proportionate distribution, Jacob receives $$16,000$ cash, and a painting $($capital asset to the partnership$)$ with an $$8,000$ inside basis and $$14,000$ fair market value. The partnership is not liquidating. What is Jacob's basis in the painting?

Group of answer choices

$$8,000$

$$0$

$$14,000$