Assume the same facts as in Problem 49, except that Suz-Anna was formed as an LLC instead
Question:
Assume the same facts as in Problem 49, except that Suz-Anna was formed as an LLC instead of a general partnership.
a. How would Suz-Anna's ending liabilities be treated?
b. How would Suzy's basis and amount at risk be different?
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a Recourse debts are debts for which at least one partner or LLC member has an economic risk of loss ...View the full answer
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Related Book For
South Western Federal Taxation 2016 Corporations Partnerships Estates And Trusts
ISBN: 9781305399884
39th Edition
Authors: James Boyd, William Hoffman, Raabe, David Maloney, Young
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