In the following three independent factual situations, please analyze whether they describe a disguised sale or not. Don$$t speculate as to any other facts or circumstances. Explain for each, your conclusion and the factors or reasons why you have reached your conclusion.

Partner George contributes appreciated property to the GM Partnership, and three years later GM distributes $$100,000$ proportionately to the partners.

Brianna contributes property with a basis of $$20,000$ and a fair market value of $$50,000$ to the BGB Partnership in exchange for a $20\%$ interest therein. The partnership agrees to distribute $$20,000$ to Brianna in fifteen months, if partnership cash flows from operations exceed $$100,000$ at that time. The partnership does not expect to produce operating cash flows of over $$100,000$ for at least five years.

Luis contributes appreciated property to the BLP Partnership. Thirty months later, he receives a distribution from the partnership of $$15,000$ cash. None of the other partners received a distribution. There was no agreement that BLP would make the distribution, and Luis would have made the contribution whether or not the partnership made the distribution.