Pablo has a $91,400 basis in his partnership interest. On May 9 of the current tax year, the partnership distributes to him, in a proportionate current distribution, cash of $36,560, cash basis receivables with an inside basis of $0 and a fair market value of $22,850, and land with a basis and fair market value to the partnership of $118,820. If an amount is zero, enter "0". a.   How much is Pablo's realized and recognized gain on the distribution? Pablo has a realized gain on the distribution of $____________ and a recognized gain of $__________. b.   What is Pablo's basis in the receivables, land, and partnership interest following the distribution? The receivables have a basis of $_________ and the land has a basis of $____________ to Pablo. His basis in his partnership interest after the distribution is $________

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