Jenna Harvey has a $50,000 outside basis in her partnership interest and decides to terminate her interest. She receives the following from the partnership in full redemption of her partnership interest:

Item Fair Value Partnership's Basis

Cash 30,000 30,000

Securities* 15,000 10,000

Inventory 10,000 5,000

* The securities are considered non-marketable and subject to the normal partnership distribution rules.

As a result of this distribution, she has a zero basis in her partnership interest and ---

Question options:

	a $5,000 capital loss, a $10,000 basis in securities and a $5,000 basis in inventory
	no gain or loss, a $15,000 basis in securities and a $5,000 basis in inventory
	no gain or loss, a $10,000 basis in securities and a $10,000 basis in inventory