Question $35$ of $75.$

Anjelika sold her interest in a partnership for $$140,000$ cash when her outside basis was $$80,000.$ This basis includes Anjelika's $$30,000$ share of liabilities. In addition to the cash payment, Anjelika was relieved of her $$30,000$ share of partnership liabilities. What is Anjelika's gain from the sale of the partnership interest?

$$60,000$

$$90,000$

$$110,000$

$$140,000$

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