What is zs required gain on this transfer, Accounting Basics

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What is zs required gain on this transfer

Problem: Partner Z contributes property with a $100,000 value and a basis of $60,000. Three months later, the partnership distributes $60,000 to Partner Z. The $60,000 can't be characterized as a reasonable guaranteed payment or a distribution of operating cash flow. What is Z's required gain on this transfer? DO NOT USE COMMAS OR DOLLAR SIGNS IN YOUR ANSWER!!

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Accounting Basics: What is zs required gain on this transfer

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