A-D questions?

8/ Karli owns a 25% capital and profits interest in the calendar-year KJDV Partnership. Her adjusted basis for her partnership interest on July 1 of the current year is $200,000. On that date, she receives a proportionate current (nonliquidating) distribution of the following assets. Partnership's Basis FMV Cash $150,000 $150,000 Inventory 30,000 60,000 Land (held for 70,000 100,000 investment) a. Calculate Karli's recognized gain or loss on the distribution, if any. no gail lies . b. Calculate Karli's basis in the inventory received. 30 , WU c. Calculate Karli's basis in land received. The land is a capital asset. 20, 06 0 d. Calculate Karli's basis for her partnership interest after the distribution