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The PORS Partnership owns the following assets on December 30 of the current year. Click the icon to view the assets.) (Click the icon to view more information.) Requirement What are the tax consequences of the distribution to the partnership, Paula, and the other partners? Start by completing a Sec. 751 nonliquidating distribution analysis of a box is not used in the table or the balance is o leave the box empty: do not enter a zero Round to the nearest dollar. Use a minus sign or parentheses in the Difference column il Paula gave up her interest in a particular property Paula's Paula's Beginning Interest Before Interest Allor Hypothetical Partnership Distribution Distribution Proportionato Actual Amount (1/5) Distribution Distribution Difference Sec 751 assots: Data Table Total Soc. 751 assets Assets Partnerships Basis FMV Non-Sec. 751 assets $ Cash Receivables 20,000 $ 0 80.000 100,000 $ 20.000 40,000 100,000 Total non-sec, 751 assets Inventory $ 160.000 To More Info The partnership has no liabilities, and each partner's basis in his or her partnership interest is $25,000. On December 30 of the current year, Paula receives a current distribution of inventory having a $10,000 FMV, which reduces her partnership interest from one-fourth to one-fifth Laswer

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