Anthony sells his $30\%$ interest in Acme LP$,$ a US partnership to Andy for $$75,000.$ At the time of the sale, Acmes assets consist of $$90,000$ cash, land with a tax basis of $$110,000$ and FMV of $$130,000$ and inventory with a tax basis of $$20,000$ and a FMV of $$30,000.$ Anthony has a tax basis of $$66,000$ prior to the sale. As a result of the transaction, Anthony will recognize ordinary income of $$4,500$ and capital gain of $$4,500$ since some of the underlying assets in the partnership are hot assets.