A.

Sweeney originally contributed $286,000 in cash for a one-fourth interest in the Gilbert LLC. During the several years that Sweeney was a member of the LLC, his share of the LLC's income was $171,600 and he withdrew $114,400 cash. The LLC's liabilities are $143,000, of which Sweeney's share is $35,750. The LLC has $71,500 of hot assets, of which Sweeney's share is $17,875. Sweeney sells his LLC interest to Jana for $377,520 cash, with Jana also assuming Sweeney's share of the LLC's liabilities. How much is Sweeney's gain on the sale, and what is its character? Sweeney's total gain on the sale is $ of which $ recognized as ordinary income, with the remaining recognized as a long-term capital gain. How much is Jana's adjusted basis for her LLC interest?When Bruno's basis in his LLC interest is $247,000, he receives cash of $98,800, a proportionate share of inventory, and land in a distribution that liquidates both the LLC and his entire LLC interest. The inventory has a basis to the LLC of $61,750 and a fair market value of $79,040. The land's basis is $111,150, and the fair market value is $98,800. How much gain or loss does Bruno recognize, and what is his basis in the inventory and land received in the distribution? If an amount is zero, enter "0". Bruno recognizes C Bruno's basis in the inventory is $ and his basis in the land is $ a gain a loss no gain or loss