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ABC an equal 3 person partnership has cash of $3000 and securities of $48000 (fmv) with...

ABC an equal 3 person partnership has cash of $3000 and securities of $48000 (fmv) with an adjustment basis of $30000 to the partnership. Assume that C sells her interest to D for $17000. If the new partnership subsequently sells the securities at their FMV of $45. What must partner B include in a axable incom if a section 754 election is in effect
A $0
B $1000 loss
C $6000 gain
D $16000 gain

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