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If the lender holding the nonrecourse debt secured by Kevan s land required Kevan to guarantee 3 3 . 3 3 percent of the debt

If the lender holding the nonrecourse debt secured by Kevan

s land required Kevan to guarantee

33.33

percent of the debt and Jerry to guarantee the remaining

66.67

percent of the debt when Albee LLC was formed, what are the members

tax bases in their LLC interests?

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