Nadine Fimple Is a One-Third Partner in the NWL Partnership

Nadine Fimple is a one-third partner in the NWL Partnership with equal inside and outside bases. On January 1, NWL distributes $100,000 to Nadine in complete liquidation of her FPL interest. NWL's balance sheet as of January 1 is as follows: $\begin{array}{l}\begin{array}{c}\\Cash\\Inventory\\Total\\\end{array}\begin{array}{c}\text { Basis } \\\$ \mathbf{12 0 , 0 0 0} \\\underline{\mathbf{6 0 , 0 0 0}} \\\$ \mathbf{18 0 , 0 0 0} \\\hline\end{array}\begin{array}{c}{\text { FMV }}\\{\$ 120,000} \\\underline{\mathbf{180, 0 0 0}} \\\hline \mathbf{\$300 , 0 0 0} \\\end{array}\end{array}$

Brooke, capital $\quad\quad\$60,000$
Penelope, capital $\quad\quad60,000$
Amanda, capital $\quad\quad\underline{60,000}$
Total $\quad\quad\quad\quad\quad\quad\$180,000$ What is the amount and character of Nadine's recognized gain or loss on the distribution?