10. LO.2 Franco owns a 60% interest in the Dulera LLC. On December 31 of the cur- the interest is $110,000. In a proportionate current distribution, the LLC distributes rent aux year, his basis in the LLC interest is $128.000. The fair market value of $30,000 cash and equipment with an adjusted basis of $5,000 and a fair market value How much is Franco's adjusted basis in the LLC interest after the distribution, and of $8,000 to him on that date. what is the amount of his basis in the equipment received? bin