Question: In 2 0 times 2 , Waters LLC generates ordinary business income of $ 4 0 , 0 0 0 and makes no distributions
In times Waters LLC generates ordinary business income of $ and makes no distributions to its partners. In Waters recognites $ ordinary income, but makes a $ total cash distribution to its partners. Pink, a member in Waters, has an outside basis in Waters of over $when begins. What amount of income will Pink recognize in times and times
$ in and $ in
$ in and $ in
$ in and $ in
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