Marty receives a proportionate nonliquidating distribution when the basis of her partnership interest is $50,000. The distribution consists of $60.000 cash and noninventory property (adjusted basis to the partnership of $20,000; fair market value of $23,000). How much gain or bss does Marty recognize, and what is her basis in the distributed property and in her partnership interest following the distribution? perty and in her partnership interest to 1000 ordinary income; SO basis in property: $10,000 basis in partnership o pain or loss: $23.000 basis in property; $2,000 basis in partnership interest. o 50 pain or loss: $20,000 basis in property: $0 basis in partnership interest. $10.000 capital gaire: So basis in property: $0 basis in partnership interest. o $10.000 capital gain; $20,000 basis in property; $0 basis in partnership interest