Tori owns a nondepreciable capital asset held for investment. The asset was purchased for $$400,000$ six years earlier and is now subject to a $$70,000$ liability. During the current year, Tori transfers the asset to Travis in exchange for $$125,000$ cash and a new automobile with a $$20,000$ fair market value $($FMV$)$ to be used by Tori for personal use; Travis assumes the $$70,000$ liability.

Requirement

Determine the amount of Tori's long$-$term capital gain $($LTCG$)$ or long$-$term capital loss $($LTCL$).($Use parentheses or a minus sign to enter a loss.$)$

Tori will realize a long$-$term capital gain or loss of