Danner Inc. has a $440,000 capital loss carryover that will expire at the end of the current tax year if it is not used. Also, Danner Inc. has been a general partner in the Talisman Partnership for three years and plans to end its involvement with the partnership by receiving a liquidating distribution. Initially, all parties agreed that Danner Inc.s liquidating distribution would include $61,500 in cash and land with a fair market value of $470,000 (tax basis of $155,000). Immediately before the distribution, Danners basis in its partnership interest is $202,500, which includes its $141,000 share of partnership debt. The Talisman Partnership does not hold any hot assets. a. What is the amount and character of any gain or loss to Danner Inc.?