er has been one-third partner in the LUV partnership for four and has a basis in his partnership interest of $30,000. The was the following assets: Adjusted Basis $50,000 $20,000 $20,000 FMV $50,000 $50,000 Land $50,000 Les her partnership interest to R for $50,000. Which response correctly indicates the character of her gain from the sale? Esam in Progress er has been one-third partner in the LUV partnership for four and has a basis in his partnership interest of $30,000. The was the following assets: Adjusted Basis $50,000 $20,000 $20,000 FMV $50,000 $50,000 Land $50,000 Les her partnership interest to R for $50,000. Which response correctly indicates the character of her gain from the sale? Esam in Progress