Attorney, a cash method unincorporated sole practitioner, joins a cash method partnership of 3 other attorneys all of whom own an equal 25% interest of the partnership after Attorney joins the firm. Attorney transfers some accounts receivable for services with a zero basis and a $20,000 face value to the partnership as part of her contribution in exchange for her partnership interest. The partnership also assumes $6,000 of Attorneys accounts payable. What are the tax consequences of the transaction to attorney? See Internal Revenue Code Section 704(c)(3).