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What is sanju outside basis after the distribution

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Questions - Sanju is a partner in the STL partnership. His outside basis is $250. He receives a non-liquidating distribution of land worth $400 which has a basis inside the partnership of $130.

1) How much, If any income does Sanju have to report as a result of the distribution, if none enter $0?

2) What is Sanju's outside basis after the distribution?

3) What is Sanju's basis in the land?

4) Assume it's a liquidating distribution and the land is all that Sanju receives. What is Sanju's basis in the land after the distribution?

Reference no: EM133177146

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