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Bella is a 35% partner in the BR Partnership. On January 1, BR distributes $39,000 in cash to Bella in full settlement of her partnership

Bella is a 35% partner in the BR Partnership. On January 1, BR distributes $39,000 in cash to Bella in full settlement of her partnership interests. BR only has capital assets and no liabilities at the date of distribution. Bella's base in BR is $30,000. What is the amount and character of Bella's gain or loss?

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