Stephanie owns a 25% interest in the capital and profits of the SNP Partnership. She receives a proportionate current distribution from SNP. Stephines basis for her partnership interest is $60,000 prior to the distribution. The distribution consists of $45,000 in cash and land with a FMV of $72,000. SNP's adjusted basis in the land immediately before the distribution is $36,000. As a result of the distribution, Stephanie will recognize a gain of $57,000. Answer: True or False