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Enter problem statement appropriate input type and other notructions here. Francine has basis in her general partnership Interest of $60.000. In a liquidating distribution, the

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Enter problem statement appropriate input type and other notructions here. Francine has basis in her general partnership Interest of $60.000. In a liquidating distribution, the receive and with a fer market value of $75,000 and a tax bonis of $30.000 In addition er the distribution he is no longer a partir das no longer liable for partnership debt Her share of parenship debt immediately before the liquidating distribution was $20,000. As a result of this dating distribution what in must recogne and what is tarsi in thed? O A No gain recognund, hasi in tand $10,000 OD. Gain recognised $55.000, basin and 75.000 OC No gain recognized basin and 60,000 OD. No gain recognized as in and $40,000

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