During 2013,Track Corporation Distributes Property to Cindy as Part of a Complete

During 2013,Track Corporation distributes property to Cindy as part of a complete liquidation.Property included in the distribution is $30,000 in cash,land with a $40,000 adjusted basis and a $60,000 FMV,and a copyright without an ascertainable FMV and having a zero basis.The first payment to Cindy of $8,000 for use of the copyrighted property occurs in 2014.Cindy has a basis in the Track stock of $95,000 immediately preceding the liquidation.The minimum amount of gain that Cindy must recognize is a

A) $3,000 gain in 2014.
B) $0 gain in 2013.
C) $3,000 gain in 2013,which is reported on an amended current-year tax return that is filed in 2014.
D) none of the above

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