Jamahi has a 65% interest in a partnership. Jamahi Sells Land to the JK partnership for $70,000. Prior to the sale, the land had a FMV of $70,000 and an adjusted basis of $90,000 to Jamahi. Two years Later, the partnership sells the land for $123,000. Due to the sale, the partnership will recognize

A. a gain of $33,000

B. a loss of $53,000

C. a gain of $13,000

D. a Loss of $20,000