On August 31 of the current tax year, the balance sheet of the RBD General Partnership is as follows:
basis FMV
Cash 150,000 150000
Receivables 0 90000
Capital assets 600000 660000
Total 750000 900000
Nonrecourse debt 150000 150000
Rachel, capital 200000 250000
Barry, capital 200000 250000
Dale, capital 200000 250000
Total 750000 900000
On that date, Rachel sells her one-third partnership interest to Bill for $300,000, including cash and relief of Rachel's share of the nonrecourse debt. The nonrecourse debt is shared equally among the partners. Rachel's outside basis for her partnership interest is $250,000. How much capital gain and/or ordinary income will Rachel recognize on the sale?