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Tracy owns a nondepreciable capital asset held for investment. The asset was purchased for $250,000...

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Tracy owns a nondepreciable capital asset held for investment. The asset was purchased for $250,000 six years earlier and is now subject to a $75,000 liability, During the current year, Tracy transfers the asset to Tim in exchange for $94,000 cash and a new automobile with a $50,000 FMV to be used by Tracy for personal use: Tim assumes the $75,000 liability Requirement Determine the amount of Tracy's LTCG or LTCL (Use parentheses or a minus sign to enter a loss.) Tracy will realize a long-term capital gain or loss of

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