Problem: Catherine has been a partner in the Chemical Partnership for several years. Her outside basis is $10,000 and her capital account is $50,000. What are the tax consequences to Catherine under the following nine alternative distributions? Determine Catherine's outside basis after the distribution(s), tax basis Catherine takes in distributed property, gain or loss upon distribution (if any), and capital account balance. You must complete all nine questions for credit. b. Alternatively, Catherine withdrew $20,000 from the partnership.