On January 1, 2021, Tina contributed $100,000 cash in exchange for a 25% interest in Orange LLC. During 2021, the LLC generated $140,000 ordinary taxable income and no separately stated income or expenses. On December 31, 2021, the LLC distributed to Tina $15,000 cash.

During 2022, the LLC earned $40,000 ordinary taxable income and no separately stated income or expenses. On December 31, 2022, Tina retires and liquidates her LLC interest. On the same day, the LLC distributed to Tina $70,000 cash, cash-basis receivables (basis $5,000, FMV $4,000), and a car (not an inventory; basis $50,000, FMV $30,000).

1. What is her recognized gain or loss from the distribution of Dec. 31, 2022.

2. What is her basis for the car on Dec. 31, 2022.