JJG Partnership, a calendar year, cash-method partnership has been in existence since 2015.

JJG's balance sheet as of June 30, 2018 is as follows:

	Basis	Fair Market Value
Cash	$30,000	$30,000
Accounts Receivable	-0-	30,000
Collectibles	20,000	32,000
Land	40,000	28,000
	$90,000	$120,000
	========	========
Capital, Jennie	30,000	40,000
Capital, Jeff	30,000	40,000
Capital, Greg	30,000	40,000
	$90,000	$120,000
	========	========

Jennie sells her partnership interest to Norm on June 30, 2018 for $50,000. On June 30, 2018, Jennie's basis in her partnership interest was $30,000. Jennie made no contributions and did not receive any distributions from the partnership during 2018. The partnership's ordinary business income/loss for the year was ($6,000).

Compute Jennie's recognized gain/loss from the sale of her partnership interest and the character of the gain/loss.