$23.$ Emma$$s basis in her BBDE LLC interest is $$60,000$ at the beginning of the tax year. Her allocable share of LLC items are as follows: $$20,000$ of ordinary income, $$2,000$ tax$-$exempt interest income, and a $$6,000$ long$-$term capital gain. In addition, the LLC distributed $$12,000$ of cash to Emma during the year. Assuming the LLC had no liabilities at the beginning or the end of the year, Emma$$s ending basis in her LLC interest is $$76,000.$

a$.$ True

b$.$ False