Identify the tax consequence of the distribution to the partnership and the partner in the following scenarios.

Analyze each scenario as a separate situation including EOY outside basis. $(6$ points$)$

a$.$ The partnership distributes $$100,000$ cash to partner. Partner's outside basis is $$70,000.$

b$.$ The partnership distributes land with FMV of $$60,000$ and basis of $$40,000$ and cash of $$10,000$ to the

partner. The partner's outside basis is $$110,000$

c$.$ In liquidation the partnership distributes cash $$30,000$ and land with FMV of $$100,000$ and basis of

$$45,000.$ The partner's outside basis is $$90,000.$

$*$Bonus how would your answer change in part C change if inventory instead of land was distributed. Keep

all FMV and basis and the cash amount the same.