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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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