a. 14.1: Partner A in the ABC partnership (an equal partnership between A, B, and C) sells some land to the partnership. A's basis in the land is $200,000, and the FMV and sales price is $300,000. A had held the land for investment, but ABC is a developer, so the land is inventory to it. What is the character of the gain? What would your answer be if B is A's sister? What would your answer be if B is A's aunt? a. 14.1: Partner A in the ABC partnership (an equal partnership between A, B, and C) sells some land to the partnership. A's basis in the land is $200,000, and the FMV and sales price is $300,000. A had held the land for investment, but ABC is a developer, so the land is inventory to it. What is the character of the gain? What would your answer be if B is A's sister? What would your answer be if B is A's aunt