$($a$)$ Tyler$$s beginning basis in his partnership interest is $82,000.$ During the year the partnership

distributes the following to him in a nonliquidating distribution: $24,000$ cash, inventory $($FMV

$12,000$; AB $9,000),$ and land $($FMV $20,000$; AB $45,000).$ What is Tyler$$s basis in each asset listed

below? $($note: even if I don$$t ask about a certain asset, you still need to consider it in your

calculations$)$

Inventory: $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

Land: $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

Remaining basis in partnership interest: $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

$($b$)$ Now assume that the above distributions are liquidating distributions. What is Tyler$$s basis in

each asset listed below?

Inventory: $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

Land: $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$

Remaining basis in partnership interest: $\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_$