Albert is a partner with a one$-$third interest in a partnership. The partnership reported the following balance sheet information on December $31,$ Year $2$:

Cash $$25,000$

Capital, Albert $8,000$

Capital, Barry $8,000$

Capital, Crane $9,000$

Albert's tax basis in the partnership interest is $$8,000.$ If the partnership distributed $$7,500$ cash in complete liquidation of Albert's interest on December $31,$ Year $2,$ what amount and type of gain or loss $($ordinary$,$ capital, Section $1231),$ if any, would Albert recognize? Show work for partial credit