a. what is maudes tax basis in her llc interest?

b. what tax basis do the other three have?

what is high horizons tax basis in its assets?

[The following information applies to the questions displayed below.] When High Horizon LLC was formed, Maude contributed the following assets in exchange for a 25 percent capital and profits interest in the LLC: "Nonrecourse liability secured by the land equals $171,000 Hiro, Harold, and Sofiya each contributed $268,750 in cash for a 25 percent profits and capital interest. Note: Leave no answer blank. Enter zero if applicable. [The following information applies to the questions displayed below.] When High Horizon LLC was formed, Maude contributed the following assets in exchange for a 25 percent capital and profits interest in the LLC: "Nonrecourse liability secured by the land equals $171,000 Hiro, Harold, and Sofiya each contributed $268,750 in cash for a 25 percent profits and capital interest. Note: Leave no answer blank. Enter zero if applicable