How much gain or loss does martha recognize and what is her


Question - Martha receives a proportionate nonliquidating distribution when the basis of her partnership interest is $50000. The distribution consists of $60000 cash and noninventory poperty (adj basis to the partnership of $20000, FMV of $23000). How much gain or loss does martha recognize and what is her basis in the distributed property and in her partnership interest following the distribution?

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