Boyd is a 40% member in the BRB LLC. At the beginning of the tax year, Boyds capital account showed a balance of $120,000. In this case, his capital account equals his basis in the LLC interest excluding his share of the LLCs debts. His Schedule K-1 showed recourse debt (guaranteed by Boyd) and nonrecourse debt of $10,000 and $20,000, respectively. During the current year, BRB reported net ordinary income of $200,000 and non-deductible expenses of $2,000. There were no distributions during the year. At the end of the year, Boyds share of recourse (guaranteed) and nonrecourse liabilities were $20,000 and $30,000, respectively. How much is Boyds basis in the LLC interest at the end of the year.

A.

$199,200

B.

$200,000

C.

$220,000

D.

$249,200