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Potato, an individual, is a 20 percent owner of Starch LLC. This year, Potato was allocated $45,000 of ordinary income from Starch LLC, $1,000 of

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Potato, an individual, is a 20 percent owner of Starch LLC. This year, Potato was allocated $45,000 of ordinary income from Starch LLC, $1,000 of tax-exempt interest income, and $2,000 of nondeductible expenses. Potato also received a $10,000 distribution from Starch LLC this year. At the beginning of the year, Starch LLC had outstanding debt of $100,000. At the end of the year, the entity's outstanding debts increased to $130,000 Required: a. If Starch LLC is taxed as a partnership, and her basis in her partnership interest at the beginning of the year is $30,000, determine Potato's tax basis in her partnership interest at year-end. b. If Starch LLC is taxed as an S corporation, and her basis in her s corporation stock at the beginning of the year is $10,000, determine Potato's tax basis in her corporate stock at year-end. Complete this question by entering your answers in the tabs below. Required A Required B If Starch LLC is taxed as a partnership, and her basis in her partnership interest at the beginning of the year is $30,000, determine Potato's tax basis in her partnership Interest at year end Tax basis SHoquia Required B > Potato, an individual, is a 20 percent owner of Starch LLC. This year, Potato was allocated $45,000 of ordinary income from Starch LLC $1,000 of tox-exempt interest income, and $2,000 of nondeductible expenses. Potato also received a $10,000 distribution from Starch LLC this year . At the beginning of the year, Starch LLC had outstanding debt of $100,000. At the end of the year, the entity's outstanding debts increased to $130,000 Required: a. If Starch LLC is taxed as a partnership, and her basis in her partnership Interest at the beginning of the year is $30,000, determine Potato's tax basis in her partnership Interest at year-end b. If Starch LLC is taxed as an s corporation, and her basis in her corporation stock at the beginning of the year is $10,000, determine Potato's tax basis in her corporate stock at year-end Complete this question by entering your answers in the tabs below. Required A Required 0 11 Starch LLC is taxed as an Scorporation, and her basis in her corporation stock at the beginning of the year is $10,000, determine Potato's tax basis in her corporate stock at year-end. Tax basis (Required A Required

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