The ABCD partnership has four partners. Each partners adjusted basis in the partnership interest owned by that partner was $100,000 on the first day of last year. The partnership reported net income for last year of $80,000 (there were no separately stated items to take into account). The partnership distributed pro rata to each partner identical parcels of land held by the partnership for investment that each had a fair market value of $25,000 and a basis to the partnership of $10,000. How much is able to be included in each partners gross income for the year as the result of the distribution?

Group of answer choices

$80,000

$20,000

$25,000

$10,000

$0