Rochelle owns 40 percent of a partnership and her brother owns the remaining 60 percent interest. During the current tax year, Rochelle sold a building to the partnership for $180,000, to be used for the partnership's office. She had held the building for 3 years at the time of the sale.

a.	Assuming Rochelle's basis in the building was $200,000, what is the amount and nature of her gain or loss?
b.	Assuming Rochelle's basis in the building was $150,000, what is the amount and nature of her gain or loss?