Joanna is a one-fourth partner in Andersen Partners. At the end oft he year, her tax basis in her partnership interest was $25,000. At that time, she received a non-liquidating distribution from the partnership of property with a tax basis of $22,000 and a fair market value of $38,000T.he distribution was not a disproportionate distribution.

a. How much gain must Joanna recognize on receipt of the distribution from the partnership?

b. What basis will she take in the property received?

c. How would your answers change if the tax basis of the property had been

$38,000 and its fair market value had been $50,000?