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PC:9-44 (similar to) Robin and Alan own 50% and 50%, respectively, of the RA Partnership, which manufactures clocks. The partnership is a limited partnership, and Robin is the only general partner. She works full-time in the business. Alan essentially is an investor in the firm and works full-time at another job. Alan has no other income except his salary from his full-time employer. During the current year, the partnership reports the following gain and loss: (Click the icon to view the gain and loss.) (Click the icon to view additional information.) Read the requirements. Data Table Requirement a. What gain or loss should each partner report on his or her individual tax return? Begin by determining the amount and character of gain or loss Robin should report. Character Amount $ 150,000 Ordinary loss Long-term capital gain 35,000 Print Done More Info Before including the current year's gain and loss, Robin and Alan had $56,000 and $88,000 bases for their partnership interests, respectively. The partnership has no nonrecourse liabilities. Alan has no further obligation to make any additional investment in the partnership. Print Done