Week 7 - Chapter 21 Quor Help Under what conditions will a partner recognize again in a liquidating distribution? 1 Mumple Choice When a partners distributes only money and the amount of the distribucon exceeds the partner's outside basis When a partnership distributes only money and the amount of the distribution is less than the partner's outside bess. O When a partnership distrutes money, hot assets and other property and the amount of the distribution exceeds the partner's outside O When a partnership distributes money, hot assets, and other property and the amount of the distribution is less than the partner's outside basis