Partner D has a 259% interest in the profits/losses of the CDEF partnership. His share of the partnership s bottom line income/loss is ($40,000) and his share of the partnership s LTCL is $20,000). At the start of the year his outside basis was $27000. During the year he received a cash distribution in the amount of $15,000. What is the amount of the gain/loss he must recognize as a result of the cash distribution, and how much of the ordinary loss and LTIC Lshould he report on his ndividual income tax returm for the year in question.