On the last day of its current tax year, Buy Rite LLC received $$300,000$ when it sold a machine it had purchased for $$200,000$ three years ago to use in its business. At the time of the sale, the basis in the equipment had been reduced to $$100,000$ due to tax depreciation taken. How much did the members$$ self$-$employment earnings from Buy Rite increase when the equipment was sold?

To answer this question see IRC $1402($a$)(3)$

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