26. Which of the following would not impact a partner's outside basis? 4. distribution of a used car with a value of 15,000 and a basis of 3,000 to that partner b. theft of an uninsured asset with a value of $50,000 and basis of - c. increase in value of real estate held by partnership d. uninsured casualty to asset contributed to partnership by another partner 27. Doug is a 25% partner in DEF partnership. In 2019 DEF has profit of $500,000. Doug was given $10,000 every month as "draw". There were no year end distributions from the partnership. For 2019 Doug will report as taxable income a. 120,000 b. 125,000 PES O c. 245,000 d. nothing because there was no year-end distribution 28. GHI, a cash basis taxpayer, distributed accounts receivable worth 150,000 to George. There was no distribution this year to Henry or Ida. a. George will increase his basis by 150,000 b. George will decrease his basis by 150,000 c. GHI will not recognize any taxable event, George will have 150,000 of income when he collects the accounts d. GHI will recognize 150,000 of income, allocate it among the partners and adjust each partner's outside basis by the income and George's by the distribution