Non - Liquidating Distributions Blank   Example Example
1 Partner's Basis 0   0 32
2 Less:  Cash Received 0   0 20
3 Remaining Basis 0   0 12
4 Gain 0   0 0
5 Basis Available 0   0 12
6 Basis of other property distributed 0   0 10
7 Remaining Basis (not less than 0) 0   0 2
           
  Liquidating Distribution     Other yes Other no
1 Partner's Basis 0   32 32
2 Less:  Cash Received 0   20 20
3 Remaining Basis 0   12 12
4 Gain 0   0 0
5 Basis Available for invy or other prop 0   12 12
6 Partnership basis in rec. & invy. 0   10 10
7 Remaining Basis (not less than 0) 0   2 2
8 Basis of other property distributed 0   2 0
  Loss if no other property distributed 0   0 2
           
    Prob. 10-28      
  Liquidating Distribution  B  40%     D 60%   
1 Partner's Basis   80,800     123,000  
2 Less:  Cash Received     8,000       12,000  
3 Remaining Basis   72,800     111,000  
4 Gain    
5 Basis Available for invy or other prop   72,800     111,000  
6 Partnership basis in rec. & invy.   20,800       31,200  
7 Remaining Basis (not less than 0)   52,000       79,800  
8 Basis of other property distributed   52,000       79,800  
  Loss if no other property distributed        

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