what amount of taxable income, if any, will Samara have to report from disposing of her partnership interest in 2021? Show all calculations. 

About five years ago, Isabella, Eden, Samara, and Joy formed a partnership to carry on snow removal and landscape business. All the partners except Isabella made an initial contribution of $40,000. Isabella made an initial contribution of $80,000. Each agreed to share in the profits and losses of the business based on their initial capital contribution. At the end of the 2019 fiscal year of the partnership, Isabella and Samara decided to go their separate ways. Samara received $125,000 for her partnership interest, while Isabella received $250,000 on January 1, 2020. The tax records for the five years ended December 31, 2018 reflected the following cumulative amounts:

 

Income (before capital gains) from operation for tax purposes	$750,000
Losses	$80,000
Capital gains (to 2018)	$10,000
Drawings by the partners	$730,000* Isabella-$170,000, Eden-$150,000, Samara-$250,000, Joy - $160,000
Charitable donations (added back to Division B income for tax purposes)	$15,000

 

Financial results for the year ended December 21, 2019 are as follows:

Net income per financial statements	$60,000
Charitable donations (deducted from accounting income)	2,000
Drawings:
Isabella	10,000
Samara	5,000
Eden	5,000
Joy	4,000