Assume the same facts as in Problem 49, except that Suz-Anna was formed as an LLC instead

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Assume the same facts as in Problem 49, except that Suz-Anna was formed as an LLC instead of a general partnership.

a. How would Suz-Anna's ending liabilities be treated?

b. How would Suzy's basis and amount at risk be different?

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South Western Federal Taxation 2016 Corporations Partnerships Estates And Trusts

ISBN: 9781305399884

39th Edition

Authors: James Boyd, William Hoffman, Raabe, David Maloney, Young

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Question Posted: Sep 09, 2015 06:56 AM

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Assume the same facts as in Problem 49, except that Suz-Anna was formed as an LLC instead

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a Recourse debts are debts for which at least one partner or LLC member has an economic risk of loss ...View the full answer

South Western Federal Taxation 2016 Corporations Partnerships Estates And Trusts

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