Nadine Fimple Is a One-Half Partner in the NL Partnership

Nadine Fimple is a one-half partner in the NL Partnership with equal inside and outside bases.On January 1, NL distributes accounts receivable with a fair value of $100,000 to Nadine as an operating distribution.NL's balance sheet as of January 1 is as follows:
$\begin{array}{llll} \text { } & \text {Basis } & \text {FMV } \\ \text { Cash } &\$100,000&\$100,000\\ \text {Accounts receivable } &\underline{-0-}&\underline{100,000}\\ \text { Total } &\underline{\$100,000}&\underline{\$200,000}\\\end{array}$
$\begin{array}{llcc} \text { Nadine, capital } &\$50,000 \\ \text { Luouis, capital} &\underline{50,000}\\ \text { Total} &\underline{\$100,000}\\\end{array}$
What is the amount and character of Nadine's recognized gain or loss on the distribution?