Upon the receipt of a distribution, a retiring partner or successor in interest of a deceased partner will recognize: Calculator A gain only to the extent that any money distributed is more than the partner's adjusted basis in the partnership. B gain only to the extent that any money and property distributed is more than the partner's adjusted basis in the partnership. C gain only to the extent that any money distributed is less than the partner's adjusted basis in the partnership. D gain only to the extent that any money and inventory distributed is more than the partner's adjusted basis in the partnership