The December 31 Balance Sheet of DBW, LLP, a Service-Providing

The December 31 balance sheet of DBW, LLP, a service-providing partnership, reads as follows. $\begin{array}{lrr}&\text { Adjusted }\\&\text { Basis } & \text { FMV } \\\text { Cash } & \$ 180,000 & \$ 180,000 \\\text { Receivables } & -0- & 60,000 \\\text { Capital assets } & \underline{90,000} & \underline{120,000} \\\text { Total } & \$ 270,000 & \$ 360,000\\\\\text { Dana, capital } & \$ 90,000 & \$ 120,000 \\\text { Brooke, capital } & 90,000 & 120,000 \\\text { Whitney, capital } & \underline{90,000} & \underline{120,000} \\\text { Total } & \$ 270,000 & \$ 360,000\end{array}$ The partners share equally in partnership capital, income, gain, loss, deduction, and credit. Capital is not a material income-producing factor to the partnership. On December 31, partner Dana (who is an active managing partner in the partnership) receives a distribution of $120,000 cash in liquidation of her partnership interest under § 736. Dana's outside basis for the partnership interest immediately before the distribution is $90,000. How much is her gain or loss on the distribution and what is its character?