question 18

At the beginning of Year 1 K, an individual, purchased a 15 percent interest in L. Partnership for $21,000. K's Schedule K-1 reported that her share of t's debt at year-end was $20,000, and her share of ordinary loss was $37,850. On January 1, Year 2. K sold her interest to another partner for $2.800 cash. Compute K's recognized gain on sale of her L Partnership interest