Question: Problem 14-10 (Algorithmic) (LO. 2) Kenisha and Shawna form the equal KS LLC, with a cash contribution of $912,000 from Kenisha and a property

Problem 14-10 (Algorithmic) (LO. 2) Kenisha and Shawna form the equal KS

Problem 14-10 (Algorithmic) (LO. 2) Kenisha and Shawna form the equal KS LLC, with a cash contribution of $912,000 from Kenisha and a property contribution (adjusted basis of $957,600, fair market value of $912,000) from Shawna. If an amount is zero, enter "0". a. Shawna has realized b. Kenisha's tax basis in her LLC interest is $ c. Shawna's tax basis in her LLC interest is $ of $ of which $ is recognized. d. The tax basis that the partnership takes in the property transferred by Shawna is $ e. Are there more effective ways to structure the formation?

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