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Mt Pleasant LLC files as a calendar year partnership and has two equal members; Stevie and Erica. Stevie contributes cash of $450,000; Erica contributes the

Mt Pleasant LLC files as a calendar year partnership and has two equal members; Stevie and Erica. Stevie contributes cash of $450,000; Erica contributes the following items: a parcel of land worth $750,000 (basis of $500,000), the land has a mortgage loan on it of $300,000 which the LLC assumes. During the current year, the LLC has net ordinary loss of ($80,000) and adds a new non-recourse liability of $140,000. The LLC makes a distribution to Stevie of $45,000 and distribution to Erica of $55,000 in the current year. What is the outside basis of the membership (partnership) interests for Stevie and Erica at the end of the current year?

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