Franco owns a $60\%$ interest in the Dulera LLC$.$ On December $31$ of the current tax year, his basis in the LLC interest is $$183,200.$ The fair market value of the interest is $$201,520.$ In a proportionate current distribution, the LLC distributes $$36,640$ cash and equipment with an adjusted basis of $$91,600$ and a fair market value of $$137,400$ to him on that date.

How much is Franco's adjusted basis in the LLC interest after the distribution, and what is the amount of his basis in the equipment received?

Franco's adjusted basis in the LLC interest: $

Franco's basis in the equipment: $

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In$\text{'}$ general, neither the partner nor the partnership recognizes gain or loss when a proportionate current distribution occurs. The partner us takes a carryover basis for the assets distributed. The distributee partner's outside basis is reduced $($but not below zero$)$ by the amount of and the adjusted basis of property distributed to the partner by the partnership.