C contributes land, adjusted basis $70 fair market value $100 and cash of $20. D contributes inventory

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C contributes land, adjusted basis $70 fair market value $100 and cash of $20. D contributes inventory (in the hands of both D and CDE), adjusted basis $50 fair market value $120. E contributes services. In exchange, each partner receives a 1/3 interest in the LLC. What are the consequences to all of the parties

Posted Date: May 18, 2024 11:11 AM

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C contributes land, adjusted basis $70 fair market value $100 and cash of $20. D contributes inventory

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