Millet has a basis in the Slate Partnership of$500,000 (50% partner) and received a distribution of the businesss inventory that was not taxable to her three weeks ago. The inventory was worth $200,000 and had been held by the partnership for2 years because it could not find a buyer that would pay the asking price. The partnership had a basis in the inventory of $80,000 before it was distributed to Millet. Millet called a reputable buyer and he paid her the full $200,000 asking price for the inventory. Does Millet have any gain or loss that must be reported to the IRS and if there is a gain, what type of gain will she have to report