The DTM Partnership made the following current distributions in the current year. The dollar amounts listed are the amounts before considering any implications of the distribution.

The land David received had been contributed by Tonya two years ago when its basis was $4,000 and its FMV was $10,000. The inventory Tonya received had been contributed by Maria two years ago when its basis was $ 4,000 and its FMV was $7,000.

For each independent?situation, what gain or loss must be?recognized? What is the basis of the distributed property after the?distribution? What are the bases of the partnership interests after the?distribution? Assume the distribution has no Sec. 751 implications. ?(Enter "0" for any zero?amounts.)