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Edward is a 50 percent partner in EFGH Partners, a general partnership. Edward's adjusted basis in his partnership interest is $36,000. During the current taxable year, Edward received a non-liquidating distribution of land from EFGH Partners that had an adjusted basis to the partnership of $46,000 and a fair market value of $90,000 on the date of distribution. What is Edward's basis in the land received in the non-liquidating distribution?

a. 0.

b. $36,000.

c. $46,000.

d. $90,000.

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