Assets The PQRS Partnership owns the following assets on December 30 of the current year: Requirement What are the tax consequences of the distribution to the partnership, Paula, and the other partners? Start by completing a Sec. 751 nonliquidating distribution analysis. (If an input field is not used in the table or the balance is 0 , leave the field empty; do not enter a zero. Round to the nearest dollar. Use a minus sign or parentheses in the Difference column if Paula gave up her interest in a particular property.) Assets The PQRS Partnership owns the following assets on December 30 of the current year: Requirement What are the tax consequences of the distribution to the partnership, Paula, and the other partners? Start by completing a Sec. 751 nonliquidating distribution analysis. (If an input field is not used in the table or the balance is 0 , leave the field empty; do not enter a zero. Round to the nearest dollar. Use a minus sign or parentheses in the Difference column if Paula gave up her interest in a particular property.)