Laura and Marty form a 50/50 partnership (LM Partners) in 2018. Laura contributes land with a fair market value of $800,000 and an adjusted basis of $500,000. The land is subject to a $250,000 mortgage which the partnership assumes. Marty contributes $550,000 of cash. Question 27 (5 points) Determine Lauras outside basis and Martys outside basis after each of them has contributed their property and cash to form the partnership. In 2021, LM distributes an office building to Laura. At the time of this distribution, the office building had a FMV of $500,000 and an adjusted basis of $100,000. At the time of the distribution, the Laura's outside basis was $400,000. How much (if any) gain or loss must Laura recognize from this distribution?