(4) May's partnership basis (outside) in XYZ Partnership is $40,000 at the time of a cash distribution to her of $30,000. How much is May's gain on the distribution? Would your answer be different if her basis in the partnership just prior to the $30,000 distribution of cash was $25,000? (5) The Double D Partnership incurred Organizational costs of $6,500 prior to July 2016. Double D began business operations on 7/1/2016. Determine the amount of deduction Double D can take for Organizational expenses in 2016