Capital Partnership makes a proportionate liquidating distribution to one of its partners of $5,000 cash, $6,000 inventory

Question:

Capital makes a proportionate liquidating to one of its partners of $5,000 cash, $6,000 inventory (FMV = $10,000), and land with a $20,000 basis and an $11,000 fair market value. What are the tax consequences to the partner of this liquidating if his outside basis is $25,000?
Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most... Partnership
A legal form of business operation between two or more individuals who share management and profits. A Written agreement between two or more individuals who join as partners to form and carry on a for-profit business. Among other things, it states...