answer ALL for full credit & thumbs up

they are MCQs anyways

they are clear

Under which of the following circumstances will a partner recognize a gain from an operating distribution? Multiple Choice A partner will never recognize a gain from an operating distribution A partner will recognize a gain from an operating distribution when the partnership distributes property other than money with an Inside basis greater than the partner's basis in the partnership Interest A partner will recognize a pain from an operating distribution when the partnership distributes money in an amount that is less than the partner's basis in the partnership interest. A partner will recognize a gain from an operating distribution when the partnership distributes money in an amount that is greater than the partner's basis in the partnership interest Jenny has a $54,000 basis in her 50% partnership Interest in the JM Partnership before receiving any distributions. This year JM makes a proportionate operating distribution to Jenny of a parcel of land with an $80,000 fair value and a $64,000 basis to JM. The land is encumbered with a $30,000 mortgage CM's only liability) What is Jenny's basis in the land and her remaining basis in JM after the distribution? Multiple Choice $80,000 land basis, SOJM basis $64.000 land basis, SOJM basis. $64.000 land besis, $5.000 JM basis $80,000 land basis, $5,000 JM bosis Jerry, a partner with 30% capital and profit interest, received his Schedule K-1 from Plush Pillows, LP. At the beginning of the year, Jerry's tax basis in his partnership interest was $50,000. His current year Schedule K-1 reported an ordinary loss of $15,000, long-term capital gain of $3,000, qualified dividends of $2,000, $500 of non-deductible expenses, a $10,000 cash contribution, and a reduction of $4,000 in his share of partnership debt. What is Jerry's adjusted basis in his partnership interest at the end of the year? Multiple Choice $35,000 $40.000 $45,500 $49,500 Which of the following items are subject to the Net Investment Income tax when a partner is not a material participant in the partnership? Multiple Choice Partner's distributive share of dividends. Partner's distributive share of interest Partner's distributive share of ordinary business Income All of the choices are correct