Josh owns a $25\%$ interest in PCS LP $($a US partnership$).$ At the end of $2023,$ PCS liquidated and distributes to Josh $$30,000$ cash, accounts receivables with a basis and FMV of $$16,000$ and a building with a tax basis of $$25,000$ and a FMV of $$35,000.$ Prior to the liquidation, Josh had a tax basis of $$80,000$ in the partnership. As a result, Josh will have:

a$.$$$0$ gain or loss, $$16,000$ basis in the receivables, $$34,000$ basis in the building

b$.$$$9,000$ loss, $$16,000$ basis in the receivables, $$25,000$ basis in building

c$.$$$0$ gain or loss, $$16,000$ basis in the receivables, $$25,000$ basis in the building

d$.$$$1,000$ gain, $$16,000$ basis in the receivables, $$35,000$ basis in the building