Hello I need help with the following:

Question 14.14.Amber has a tax basis of $67,000 in her partnership interest in Lightfoot Partnership, which consists of her $27,000 net contribution to partnership capital and her $40,000 share of partnership debt. Amber receives a distribution of land (a capital asset) with a tax basis of $39,000 and a fair market value of $106,000 in complete liquidation of her partnership interest. The property is not encumbered by any of the partnerships liabilities. What is Ambers tax basis for the distributed property?(Points : 1)

$27,000 $39,000 $67,000 $106,000

Question 15.15.Juan's interest in the Gonzalez Partnership is liquidated when his basis in the interest is $30,000. He receives a liquidating distribution of $20,000 cash and inventory with a basis of $8,000 and a fair market value of $30,000. Juan will recognize:

(Points : 1)

No gain or loss $2,000 loss $10,000 loss $20,000 gain