Lalo receives a proportionate current $($nonliquidating$)$ distribution from Regalo Helado Partneship. At the beginning of the year, the basis of his Regalo Helado Partnership interest is $$133,000.$ During the year, he received a cash distribution of $$57,000$ and a property distribution $($basis of $$43,000,$ fair market value of $$38,000).$ In addition, Lalo's share of Regalo Helado Partnership liabilities was reduced by $$8,000$ during the year. How much gain or loss does Lalo recognize; what is his basis in the property he received; and what is his remaining basis in the partnership interest?

Question options:

A$.)$ $$38,000$ loss; $$38,000$ basis in property; $$0$ remaining basis.

B$.)$ $$43,000$ loss; $$43,000$ basis in property; $$0$ remaining basis.

C$.)$ $$0$ gain or loss; $$43,000$ basis in property; $$30,000$ remaining basis.

D$.)$ $$0$ gain or loss; $$43,000$ basis in property; $$25,000$ remaining basis.

E$.)$ $$0$ gain or loss; $$38,000$ basis in property; $$30,000$ remaining basis.