Neil, Buzz and Mike are equal partners in the Apollo 11 Partnership. At the beginning of the year, Neils basis in his partnership interest was $15,000, Buzzs basis was $10,000, and Mikes basis was $20,000. The partnership reported taxable income of $30,000 (allocated equally among the partners). At year-end, the partnership made a nonliquidating distribution of $25,000 cash to Buzz. How much income or gain will Buzz recognize on receipt of the distribution (assume the partnership has no hot assets)? Assume the partnership has no liabilities.

a) zero

b) $25,000

c) $5,000

d) $15,000

e) none of the above