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John sells his entire interest in Nova, L.P. to Sue. John receives $10,000 in cash from Sue in exchange for his Nova L.P. interest. John's

John sells his entire interest in Nova, L.P. to Sue. John receives $10,000 in cash from Sue in exchange for his Nova L.P. interest. John's basis in his partnership interest is $9,000, which includes his $7,000 share of Nova L.P.'s debt at the time of sale. 


What is John's gain or loss on the sale of his interest in Nova L.P. ?  

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