Continue with the facts presented in Problem 30, except that Suz-Anna was formed as an LLC instead
Question:
a. What would be Suzy's share of the LLC's ending liabilities?
b. How would Suzy's basis and amount at risk be different? Explain.
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a Suzys beginning capital account balance equals her basis in t...View the full answer
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Related Book For 
South Western Federal Taxation 2018 Essentials Of Taxation Individuals And Business Entities
ISBN: 9781337386173
21st Edition
Authors: William A. Raabe, James C. Young, Annette Nellen, David M. Maloney
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