Gavin contributes land (a capital asset) having a $78,000 adjusted basis and a $108,000FMV, and Tammy contributes $108,000 cash to the GT Partnership. Gavin and Tammy each receive 50% interests in the partnership. Two years later the partnership sells the land (still a capital asset) for $112,000. Requirement What are the amount and character of the GT Partnership's gain or loss? How much of GT's gain or loss is allocated to Gavin? To Tammy? Are the results equitable? What are the amount and character of the GT Partnership's gain or loss? How much of GT's gain or loss is allocated to Gavin? To Tammy? (Complete all input fields. Enter a 0 for any zero amounts. Use parentheses or a minus sign for any losses.) Are the results equitable? The result equitable to Tammy because she is taxed Gavin, on the