Riley is a 50% partner in the RF Partnership and has an outside basis of $56,000 at the end of the year prior to any distributions. On December 31, Riley receives a proportionate operating distribution of $6,000 cash and a parcel of land with a $14,000 fair value and an $10,000 basis to RF. After the distribution, what is Riley's basis in his partnership Interest, and his basis in the land? $50,000 partnership basis, $14,000 land basis. $50,000 partnership basis, $10,000 land basis. $40,000 partnership basis, $14,000 land basis. $40,000 partnership basis, $10,000 land basis.