# Enrolled Agent Exam [Part 2] 10, Partnership Distributions — Cash and Property

Page: https://stenobird.com/podcast/finance-exam-prep-7658413/enrolled-agent-exam-part-2-10-partnership-distributions-cash-and-property
Text version: https://stenobird.com/podcast/finance-exam-prep-7658413/enrolled-agent-exam-part-2-10-partnership-distributions-cash-and-property.md
Podcast: [Finance Exam Prep](https://stenobird.com/podcast/finance-exam-prep-7658413)
Published: 2026-05-07T22:41:20+00:00
Episode link: https://open-exam-prep.com/
Audio file: https://episodes.captivate.fm/episode/8e58687a-20f3-4e18-9f68-ba4ac832823f.mp3
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Duration seconds: 210

## Resource

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - Gain is recognized by a partner only when a cash distribution exceeds their outside basis. - A partner's basis in distributed property is generally a carryover basis from the partnership, but it cannot exceed the partner's outside basis in their interest. - The key difference between a current (non-liquidating) and a liquidating distribution lies in how the basis of distributed property is determined and whether a loss can be recognized. - Marketable securities are often treated as cash in partnership distributions, which can trigger unexpected gains. - A loss can only be recognized on a liquidating distribution that consists exclusively of cash, unrealized receivables, and inventory.

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## Transcript

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