https://www.chegg.com/homework-help/questions and answers/property-contributed subject recourse-loan-775-0 = Chegg Study Textbook Solutions Expert Q&A Study Pack Practice A property contributed by A is subject to a recourse loan of S775,000 that is assumed by the partnership with a tax basis of $1,850,000 and is valued at $2,578,000. The three partners share profits and losses as follows: 45% to A. 45% to B and 10% to C. The balances of their tax basis capital accounts are: (A-5974,531) (B-51.197959) and (C-5398,600). Book Value Capital accounts are: (A $1,793,700), (B-S1,793.700) and (C $398,600). Create a schedule of the allocation of the recourse loan among each partner Expert Answer o Anonymous answered this 22 answers Was this answer helpful? Allocation of recourse loan Given. Amount of recourse loan - $775,000 Partners share of profits and losses- 45% to A, 45% to B and 10% to C Tax basis capital accounts: A-$974,531, B-S1,197,959 and C-$398,600 Book value of capital accounts: A-S1,793,700, B-S1,793,700 and C-339 50 Schedule of the allocation of the recourse loan Particulars Partner A Tax basis capital account balance Partner B $1,197,959 $974,531 Partner $398,600 Allocation of recourse loan of $775,000 $293.751 $361,099 $120,150 Partner A $775.000X1974,531/2,571,090) Partner B $775.000X1.197.959/2.571.090) Partner B $775.000X398,600/2.571.090 be here to search QUESTION. HOW DID YOU ARRIVE V DENOMINATUE OF # 2,871,0903 AT