Question: Can you please show the working notes? Also please explicitlyexplain why the basis is reduced to zero in this problem? Thank you:) 6. EX.11-11.Algo (Algorithmic)

Can you please show the working notes? Also please explicitlyexplain why the basis is reduced to zero in this problem? Thank you:) 6. EX.11-11.Algo (Algorithmic) Exercise 11-11 (Algorithmic) (LO. 3) Lola owns a one-half interest in the Lenax LLC. Her basis in this ownership interest is \$ \\$ 197,000 \$ at the end of the year, 2 answers

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