Brittany Receives a Nonliquidating Distribution of $48,000 Cash from Her

Brittany receives a nonliquidating distribution of $48,000 cash from her partnership. Brittany's basis in her partnership interest prior to the distribution is $25,000. What are the tax consequences of the distribution?

A) $48,000 nontaxable return of capital, ($23,000) partnership basis
B) $25,000 nontaxable return of capital, capital gain of $23,000, $0 partnership basis
C) $48,000 ordinary income; $25,000 partnership basis
D) $25,000 nontaxable return of capital, ordinary income of $23,000, $0 partnership basis