At the end of last year, cynthia, a 20% partner in the five-person cyg partnership, has an outside basis of $30,000 including her $15,000 share of cyg debt. On january 1 of the current year, cynthia sells her partnership interest to roger for a cash payment of $22,500 and the assumption of her share of cyg's debt. Cyg has no hot assets. What is the amount and character of cynthia's recognized gain or loss on the sale?
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$ 23457980 is the correct answer
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