Santiago and Lauren are equal partners in the PJenn Partnership. The partners formed the partnership seven years ago by contributing cash. Prior to any distributions, the partners have the following bases in their partnership interests: On December 31 of the current year, the partnership makes a pro rata operating distribution of: Problem 16.40 Part d (Algo) d. What is Lauren's basis in the distributed assets? What is Lauren's remaining basis in her partnership interest? Adam and Alyssa are equal partners in the PartiPilo Partnership. The partners formed the partnership three years ago by contributing cash. Prior to any distributions, the partners have the following bases in their partnership interests: On December 31 of the current year, the partnership makes a pro rata operating distribution of: Problem 16-41 Part b (Algo) b. What is Adam's remaining basis in his partnership interest? On December 31 of the current year, the partnership makes a pro rata operating distrib Problem 16-41 Part d (Algo) d. What is Alyssa's basis in the distributed assets? Lonnie Davis has been a general partner in the Highland Partnership for many years and is also a sole proprietor in a separate business. To spend more time focusing on his sole proprletorship, he plans to leave Highland and will recelve a liquidating distribution of $58,000 in cash and land with a fair market value of $123,500 (tax basis of $151,250 ). Immediately before the distribution, Lonnle's basis in his partnership interest is $354,000, which includes his $71,000 share of partnership debt. Highland Partnership does not hold any hot assets. Problem 16.48 Part b (Algo) b. What is Lonnie's basis in the land