Which of the following distributions would never result in gain recognition to the recipient partner?
a. A distribution of a slightly appreciated marketable security.
b. A distribution of cash that follows a contribution of appreciated property to the partnership.
c. A distribution to a second partner of property contributed by the first partner two years ago.
d. A distribution of property to a partner who, three years ago, contributed other property with a built-in gain.
e. A proportionate distribution of inventory property.