Shauna Is a 50% Partner in the SH Partnership

Shauna is a 50% partner in the SH Partnership. Shauna sells one-half of her interest to Kara 3f7o) r$60,000 cash. Just before the sale, Shauna's basis in her entire partnership interest is $150,000 including her $60,000 share of the partnership liabilities. SH's assets on the sale date are as follows: What is the amount and character of Shauna's gain or loss on the sale?

A) $15,000 ordinary income and $30,000 capital gain.
B) $15,000 capital loss.
C) $45,000 capital gain.
D) $30,000 ordinary income, $15,000 capital loss.