Teresa is a partner with a 20 percent capital and profits interest in a limited partnership. On January 1, she sells her entire interest for $22,500 cash. Teresa's basis in the partnership interest at the time of the sale was $30,000, including her $15,000 share of nonrecourse debt. If the partnership does not have any hot assets, what is the amount and character of Teresa's gain (loss) on the sale of her interest? O ($7,500) ordinary loss O ($7,500) capital loss O $7,500 ordinary income O $7,500 capital gain