distributed . Partner N of the calendar-year LMN partnership has a basis in her partners of $50,000 at the beginning of the year. She is distributed cash of $40,000 on Feb. 1 nd property with a FMV of $30,000 and a basis of $30,000 on Nov. 1. Neither of hese distributions is considered a draw on current partnership income. What is her gain, if any, her basis in her partnership after each distribution, and her basis in the property? What would your answer be if the dates of the two distributions were switched? a. b. c. What is your answer if the cash and property were distributed si