Samantha owns a partnership interest Sky Partnership. Immediately before she receives a proportionate nonliquidating distribution from Sky Partnership, the basis of her partnership interest is $40,000. The nonliquidating distribution consists of $30,000 in cash and land with a fair market value of $80,000. Sky Partnership’s adjusted basis in the land immediately before the distribution is $50,000.   What is the amount of gain or loss recognized by S

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