64. LO.8 Brenda has a one-third capital interest in the Partridge Partnership; the other two-thirds is held by her brothers and sisters. In 2012, Brenda sells land (basis of

$300,000) to Partridge for its fair market value of $295,000. In 2013, Partridge resells the land to a third party for $302,000. What are the tax consequences to:

a. Brenda on the 2012 sale?

b. Partridge on the 2013 sale?