do invoker=&take AssignmentSessionLocator=&inprogress=false eBook Calculator Palettem $ Exercise 21-23 (Algorithmic) (LO. 14) Pablo has a $134,500 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 $53,840, cash basis receivables with an inside basis of $0 and a fair market value of $33,650, and land with a basis and fair market value to the partnership of $174,980. If an amount is zero, enter "o". 2. How much is Pablo's realized and recognized gain on the distribution? Pablo has a realized gain on the distribution of s and a recognized gain of b. What is Pablo's basis in the receivables, and, and partnership interest following the distribution? The receivables have a basis of s and the land has a basis of to Pablo. His basis in his partnership interest after the distribution is do invoker=&take AssignmentSessionLocator=&inprogress=false eBook Calculator Palettem $ Exercise 21-23 (Algorithmic) (LO. 14) Pablo has a $134,500 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 $53,840, cash basis receivables with an inside basis of $0 and a fair market value of $33,650, and land with a basis and fair market value to the partnership of $174,980. If an amount is zero, enter "o". 2. How much is Pablo's realized and recognized gain on the distribution? Pablo has a realized gain on the distribution of s and a recognized gain of b. What is Pablo's basis in the receivables, and, and partnership interest following the distribution? The receivables have a basis of s and the land has a basis of to Pablo. His basis in his partnership interest after the distribution is