QUESTION 18 Riley is a 50% partner in the RF Partnership and has an outside basis of $56,000 at the end of the year. On December 31, Riley receives an OPERATING distribution of $6,000 cash and a parcel of land with a $14,000 fair value and an $8,000 inside basis. What is his basis in the distributed property? O Cash $6,000, land $0. O Cash $6,000, land $8,000. O Cash $6,000, land $14,000. O Cash $6,000, land $50,000. k Save and Submit to save and submit. Click Save All Answers to save all answers. Do