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.