Lola owns a one-half interest in the Lenax LLC. Her basis in this ownership interest is $174,500 at the end of the year, after accounting for the calendar year LLC's current operations. On that date, the LLC distributes $191,950 cash to Lola in a proportionate current distribution. What is the amount of any gain or loss Lola recognizes as a result of this distribution? What is her basis in the LLC interest?

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