Question: can someone help me what am i doing wrong? Sweeney originally contributed $218,000 in cash for a one-fourth interest in the Gllbert LC. During the

can someone help me what am i doing wrong?
 can someone help me what am i doing wrong? Sweeney originally

Sweeney originally contributed $218,000 in cash for a one-fourth interest in the Gllbert LC. During the several years that Sweeney was a member of the LLC, his share of the LLC's income was $130,800 and he withdrew $87,200 cash. The LLCs liabilities are $109,000, of which Sweeney's share is $27,250. The ULC has $54,500 of hot assets, of which Sweeney's share is $13,625. Sweeney sells his LiC interest to Jana for $287,760 cash, with Jana also assuming Sweeney's share of the LLC's liabilities. How much is Sweeney's gain on the sale, and what is its character? Sweeney's total gain on the sale is 5 recognized as ordinary income, with the remalning X recognized as a long-term capital gain. How much is Jana's adjusted basis for her LLC interest

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