Pablo has a $63,000 basis in his partnership interest. On May 9 of the current tax year the partnership distributes to him, in a proportionate nor liquidating distribution, cash of $25,000, cash basis receivables with an inside basis of $0 and a fair market value of $16,000, and land with a basis and fair market value to the partnership of $80,000. 1. How much is Pablo s realized and recognized gain on the distribution? 2. What is Pablo's basis in the receivables, land, and partnership interest following the distribution