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Glenda sold her entire interest in Gas Lines, LP, a PTP, to an unrelated taxpayer in a fully taxable transaction. Her outside basis at the beginning of the year was $5,000. She sold her shares on November 15, 2022, for $10,000. At the time of disposition, she had the following items from the PTP:
Ordinary business income: $607
Interest income: $95
Distributions: $5,400
What is the amount of Glenda's total gain or loss from the sale of her shares?
- $302 gain.
- $5,000 gain.
- $5,302 gain.
- $9,698 gain.

Sagot :

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