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Greystаr Limited Pаrtnership Greystаr Limited Partnership builds residential hоusing develоpments. Bоb Faith, the executive partner, announced completion of The Marshes, exclusive properties located on Daniel Island, South Carolina. In addition to making cash distributions resulting from its successful project, the Partnership distributed undeveloped land to Daniel Island Realty, Inc., a 20% general partner. Daniel Island Realty, Inc. received the following schedule K-1 for the year ended December 31, 2025. Ordinary business income $200,000 Reduction in liabilities 50,000 Distribution of land (basis) 2 million On January 1, 2025, the start of the taxable year, Daniel Island Realty, Inc. had basis in its general partnership interest of $300,000. Answer the Following: A. Determine the basis Daniel Island Realty, Inc. has in its Partnership interest at the close of business, December 31, 2025. B. State the basis Daniel Island Realty, Inc. obtains in the land. C. Determine the 2025 taxable income Daniel Island Realty recognized from the Partnership.