J has a 50% interest in a partnership. In the current year, the partnership has ordinary operating income of $100,000 and a long-term capital gain of $50,000 from selling a capital asset. a) Partnership makes a $20,000 distribution to J. Tax consequences to J? b) Partnership makes a no distribution to J. Tax consequences to J? J has a 50% interest in a partnership. In the current year, the partnership has ordinary operating income of $100,000 and a long-term capital gain of $50,000 from selling a capital asset. a) Partnership makes a $20,000 distribution to J. Tax consequences to J? b) Partnership makes a no distribution to J. Tax consequences to J