XYZ an equal 3-person partnership has cash of $9,000 and securities of $15000 (FMV) with an adjusted basis of $33000 to the partnership. Assume that...

XYZ an equal 3-person partnership has cash of $9,000 and securities of $15000 (FMV) with an adjusted basis of $33000 to the partnership. Assume that Z sells his interest to V for $8000. If the new partnership subsequently sells the securities when the FMV is $9000, what must partner V include in taxable income if a Section 754 election is in effect? (and why?)