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When the FMV of Wisner LLC is $500,000, Laura provides advertising/marketing services in exchange for a 20 percent LLC interest.

When the FMV of Wisner LLC is $500,000, Laura provides advertising/marketing services

in exchange for a 20 percent LLC interest. Because of the new member, the LLC must reallocate

its liabilities of $100,000. Calculate Laura's beginning adjusted basis of she receives a profits

interest.

A. $100,000

B. $20,000

C. $0

D. $120,000

E. None of the above

Top Answer

C. $0 [the beginning... View the full answer

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