Question $11$

$3$ pts

Daniela is a $25$ percent partner in the JRD Partnership. On January $1.$ JRD makes a proportionate liquidating distribution of $$20,000$ cash and inventory with a $$15,000$ fair value $($inside basis $$5,000)$ to Daniela. JRD has no liabilities at the date of the distribution. Daniela's basis in her JRD Partnership interest is $$21,000.$ What is the amount and character of Daniela's gain or loss from the distribution?

$50$

$$14,000$ ordinary income

$$4,000$ capital loss

$$4000$ canital gith