Beth has an outside basis of $100,000 in the BTDE Partnership as of December 31 of the current year. On that date the partnership liquidates and distributes to Beth a proportionate distribution of $50,000 cash and inventory with an inside basis to the partnership of $10,000 and a fair market value of $16,000. In addition, Beth receives an antique desk (not inventory) which has an inside basis and fair market value of $0 and $5,000, respectively. How much gain or loss will Beth recognize on the distribution, and what is her basis in the desk after the distribution? Edit View Insert Format Tools Table 12pt Paragraph BIUA 100,000-50,000-10,000- 40,000 basis I