Gina's basis in her partnership interest was $$12,000.$ She received a non$-$liquidating distribution of $$5,000$ cash, inventory $($basis to partnership was $$2,000$; value $$4,500),$ and a machine worth $$10,000$ in which the partnership's basis was $$8,500.($a$)$ How much gain or loss does she have? $($b$)$ What's her basis in the inventory? $($c$)$ What's her basis in the machine?

$($d$)$ What's her basis in her interest after the distribution?

Linda's basis in her partnership interest was $$15,000.$ She received a liquidating distribution of $$1,000$ cash and a machine worth $$11,000$ in which the partnership's basis was $$3,500.($a$)$ How much gain or loss does she have? $($b$)$ What's her basis in the machine?