Whether the partner recognizes gain or loss. Whether the partnership recognizes gain or loss. The partner's adjusted basis for the property distributed. . The partner's outside basis in the partnership after the distribution. In each case, assume that the partnership owns no hot assets. Show your calculations in Microsoft Excel using a template sir You will use "sum," "min" and "max" formulas. Enter a partner's relevant facts in the Input section of your spreadsheet, and s situation. a. Kim receives $20,000 cash in partial liquidation of her interest in the partnership. Kim's outside basis for her partnership $3,000. b. Kourtni's receives $40,000 cash and land with an inside basis to the partnership of $30,000 (value of $50,000) in partial ! her partnership interest immediately before the distribution is $80,000. c. Assume the same facts as in part (2), except that Kourtni's outside basis for her partnership interest immediately before t