1) When Teris outside basis in the TMF Partnership is $80,000, the partnership distributes to her $30,000 cash, an account receivable (fair market value of $60,000, inside basis to the partnership of $0), and a parcel of land (fair market value of $60,000, inside basis to the partnership of $80,000). Teri remains a partner in the partnership, and the distribution is proportionate to the partners. What is Teris basis in the parcel of land distributed?

2) Kim receives $20,000 cash in partial liquidation of her interest in the partnership. Kims outside basis for her partnership interest immediately before the distribution is $3,000. All partners received proportionate distributions and there are no hot assets. What is Kims recognized gain or loss?

3) Kourtni receives $40,000 cash and land with an inside basis to the partnership of $30,000 (value of $50,000) in partial liquidation of her interest. Kourtnis outside basis for her partnership interest immediately before the distribution is $80,000. All partners received proportionate distributions and there are no hot assets. What is Kourtnis remaining basis in her partnership interest?

4) Klois receives $50,000 cash and inventory with a basis of $30,000 and a fair market value of $50,000 in partial liquidation of her partnership interest. Her basis was $90,000 before the distribution. All partners received proportionate distributions and there are no other hot assets. What is Klois basis inventory distributed?