Question: Dana received $ 1 0 0 , 0 0 0 cash in an operating distribution from the Malco Land Partnership. She has a question about

Dana received $

100, 000

cash in an operating distribution from the Malco Land Partnership. She has a question about the gain

(

loss

)

treatment. A partner that receives cash in an operating distribution recognizes loss if the cash distributed is less than the partner's outside basis in the partnership immediately before the distribution.

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