Frank and Bob are equal members in Soxy Socks, LLC. When forming the LLC, Frank contributed $55,000 in cash and $55,000 worth of equipment. Frank's adjusted basis in the equipment was $40,000. Bob contributed $55,000 in cash and $55,000 worth of land. Bob's adjusted basis in the land was $25,000. On 3/15/X4, Soxy Socks sells the land Bob contributed for $63,000. How much gain (loss) related to this transaction will Bob report on his X4 return?