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eNowy2 Onlin ilrn/takeAssignment/takeAssignmentMain.do?inprogress-true Calculator At the beginning of the year, Ryan's capital account balance in the Rus Partnership (in which Ryan owned a 40% interest)

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eNowy2 Onlin ilrn/takeAssignment/takeAssignmentMain.do?inprogress-true Calculator At the beginning of the year, Ryan's capital account balance in the Rus Partnership (in which Ryan owned a 40% interest) was $200,000. During the year Ryan contributed cash ($40,000) and property (basis-$20,000, fair market value- $30,000). RUS reported ordinary income of $100,000 income of $6,000. At the end of the year, the partnership distributed $6,000 of cash to Ryan. on the Schedule K-1, the partnership shows that Ryan had a 50,000 share of nonrecourse LLC debt and tax-exempt t the end of the year. Using the tax basis method, how much is Ryan's ending capital account balance a. $346,400 b-$294,000 c. $344,000 d. $306,400. e. $296,400

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