e Aao Sal and Nan owned 90% and 10% of the SN Partnership, respectively. SN operated a foundry. Sal sold a machine, capital asset to him but to be used in the SN business operations, with a basis of $4,000 to the partnership for $6,000. The amount and character of gain recognized to Sal is: $O. $2,000 ordinary. $2,000 capital gain. $8.000 ordinary Bob and Lyn were equal unrelated partners in the BL Partnership. Bob sold an old truck to the partnership for $3,000. The truck had been used in Bob's sole proprietorship prior to the sale. It had a basis of $5,000 to Bob. What amount and character of loss should Bob recognize? a b. $2,000 $1231 loss. $2,000 ordinary $5,000 ordinary Bob and Lyn were unrelated partners in the BL Partnership, Bob onning a 70 percen interest and Lyn all of the rest. Bob sold an old truck to the partnership for $3,000. The truck had been used h Bob's sole proprietorship prtor to the sale. It had a bao! of $5,000 to Bob. What amount and character of loss should Bob recognize? $0. b $2,000 $1231 loss. $2.000 ardinary. $5,000 capital. $0