On December $31$ of the current year, Fox sold his interest in a limited partnership for $$50,000$ cash and relief of all partnership liabilities. On that date, the adjusted basis of Fox's partnership interest, after the increase for his share of current year partnership income, was $$60,000$ consisting of his capital account of $$35,000$ and his share of the partnership liabilities of $$25,000.$ The partnership has no unrealized receivables or substantially appreciated inventory. What is Fox's gain or loss on the sale of his partnership interest?

Group of answer choices

$$15,000$ ordinary gain

$$15,000$ capital gain

$$10,000$ ordinary loss

$$10,000$ capital loss