megans basis was 120000 in the myp partnership interest just before she received a proportionate current nonliquidating distribution consisting of land held for investment basis of 100000 fair market value of 130000 and inventory basis of 80000 fair markat value of 70000 after the distribution megans basis in the received assets are respectively: 100000 land and 20000 inventory 50000 land and 70000 inventory 120000 land and 0 inventory 40000 land and 80000 inventory