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please help. Zach contributed land with a FMV of $43,000 and a basis of $23,000 to a partnership on April 5, 2011. On June 6,

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Zach contributed land with a FMV of $43,000 and a basis of $23,000 to a partnership on April 5, 2011. On June 6, 2017, the partnership distributed the land to Art, a partner in the same partnership. At distribution, the land had a FMV of $47,900. Assume that both are equal partners in the partnership a. What is the effect of the distribution to Zach, if any? b. What is the effect of the distribution to Art? b

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