4. Sam receives a His distribution includes cash of $5,000, inventory (FMV $20,000; equipment (FMV- $2,000; basis $1,000). Sam's marginal tax rate liqu interest is sso, oD0 ortionate liquidating distibution when the basis of his partnership is $50,000. basis $10,000), and is 24% and his long-term capital gains tax rate is 15%. a. How much gain or loss does Sam recognize? (Gain /Loss) b. What is Sam's tax liability/benefit on the distribution? (Liability /Benefit) c. What is Sam's basis in the inventory? d. What is Sam's basis in the equipment? e. What is Sam's remaining basis in the partnership? 4. Sam receives a His distribution includes cash of $5,000, inventory (FMV $20,000; equipment (FMV- $2,000; basis $1,000). Sam's marginal tax rate liqu interest is sso, oD0 ortionate liquidating distibution when the basis of his partnership is $50,000. basis $10,000), and is 24% and his long-term capital gains tax rate is 15%. a. How much gain or loss does Sam recognize? (Gain /Loss) b. What is Sam's tax liability/benefit on the distribution? (Liability /Benefit) c. What is Sam's basis in the inventory? d. What is Sam's basis in the equipment? e. What is Sam's remaining basis in the partnership