George and Terry are equal members in Cool Apparel, LLC. When the LLC was formed, George contributed $60,000 in cash and $70,000 FMV of equipment. George's adjusted basis in the equipment was $55,000. Terry contributed $75,000 in cash and $25,000 FMV of land. Bob's adjusted basis in the land was $5,000. On 3/15/19, Cool Apparel sells the land Bob contributed for $85,000. How much gain (loss) related to this transaction will Terry report on his 2019 return?