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Benny is a partner in the BEN partnership.His outside basis is $250. He receives a distribution...

Benny is a partner in the BEN partnership.His outside basis is $250. He receives a distribution of land worth $400 which has a basis inside the partnership of $130.

a)Is the distribution taxable to Benny?If not, why not?

b)What is Benny’s outside basis after the distribution?

c)Assume this was a non-liquidating distribution.What is Benny’s basis in the land?

d)Assume this was a liquidating distribution, what is Benny’s basis in the land after the distribution?

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