Susan, Steve, and Sandy own 15%, 35%, and 50%, respectively, in the SSS Partnership. Susan sells securities for their $40,000 FMV to the partnership. What are the tax implications in the following scenario.

1. Susan's basis in the securities is $50,000. Susan is unrelated to the other partners.

2. Susan's basis of in the securities is $30,00. Susan and Sandy are sisters. The partnership will hold the securities as investment.

3. What are the tax consequences in Part a if the partnership subsequently sells the securities to an unrelated third party for $70,000? For $55,000? For $35,000?