Kenisha and Shawna form the equal KS LLC, with a cash contribution of $416,000 from Kenisha and a property contribution (adjusted basis of $436,800, fair market value of $416,000) from Shawna. If an amount is zero, enter "0".
Kenisha and Shawna form the equal KS LLC, with a cash contribution of $416,000 from Kenisha and a property contribution (adjusted basis of $436,800, fair market value of $416,000) from Shawna. If an amount is zero, enter "0".
Chapter11: Partnerships: Distributions, Transfer Of Interests, And Terminations
Section: Chapter Questions
Problem 3DQ
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Kenisha and Shawna form the equal KS LLC, with a cash contribution of $416,000 from Kenisha and a property contribution (adjusted basis of $436,800, fair market value of $416,000) from Shawna.
If an amount is zero, enter "0".
Transcribed Image Text: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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