Coy and Matt are equal partners in the Matcoy Partnership. Each partner has a basis in his partnership interest of $30,000 at the end of the current year, prior to any distribution. On December 31, each receives an operating distribution. Coy receives $11,200 cash. Matt receives $3,340 cash and a parcel of land with a $7,860 fair market value and a $4,400 basis to the partnership. Matcoy has no debt or hot assets.

b. What is Coys ending basis in his partnership interest?

d. What is Matts basis in the distributed property?

e. What is Matts ending basis in his partnership interest?