Question
Annie was an original investor in, and owns a 25% interest in, Create, LLC, a software company. Annie paid $50,000 for her interest. This year,
Annie was an original investor in, and owns a 25% interest in, Create, LLC, a software company. Annie paid $50,000 for her interest. This year, Create, LLC did very well and had a profit of $100,000. However, no distributions were made. What is Annies basis in her share of Create, LLC at the end of this year?
a. $25,000.
b. $50,000.
c. $75,000.
d. $100,000.
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Financial Intelligence
Authors: Income Mastery
1st Edition
1647773210, 978-1647773212
