Ruth owns a sixty-five percent (65%) interest in the JR Partnership. Ruth sells Land that she inherited from her mothe $42,000. Ruth had an Adjusted Basis of $64,000 in the Land. Ruth's Recognized Loss for the sale of the Land is: O $ -0-. O $42,000. O $22,000. O $64,000.

Ruth owns a sixty-five percent (65%) interest in the JR Partnership. Ruth sells Land that she inherited from her moth $42,000. Ruth had an Adjusted Basis of $64,000 in the Land. Ruth's Recognized Loss for the sale of the Land is: $42,000. $22,000. $64,000