(LO3) Declan owns stock (basis ( $ )4,300), land (basis ( $ )2,200), and a partnership interest...

Question:

(LO3) Declan owns stock (basis $ \$ $4,300), land (basis $ \$ $2,200), and a partnership interest (basis $\( \$ $ 15,000\) ). In the current year, Declan decides to sell the land for $\( \$ $ 3,800\) and the partnership interest for $\( \$ $ 21,000\). What is Declan's reportable income?

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