Question: please write step by step and explanation Kenisha and Shawna form the equal KS LLC, with a cash contribution of $834,000 from Kenisha and a

please write step by step and explanation

Kenisha and Shawna form the equal KS LLC, with a cash contribution of $834,000 from Kenisha and a property contribution (adjusted basis of $875,700, fair market value of $834,000) from Shawna. If an amount is zero, enter "O". a. How much gain or loss, if any, does Shawna realize on the transfer? Does Shawna recognize any gain or loss? If so, how much? Shawna has realized loss of 0 is recognized of which b. What is Kenisha's tax basis in her LLC interest? Section 704(b) book basis? 534,000 875,700 c. What is Shawna's tax basis in her LLC interest? Section 704(b) book basis? 834,000 Feedback d. What tax basis does the LLC take in the property transferred by Shawna? Feedback Check My Wor Check My Work All work saved Email Instructor Save and Exit Submi

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