R and J form an LLC R transfers cash for 50 ownership in the LLC J receives 50 ownership in the LLC's in return for services 2 Explain the tax consequences to J if the ownership interest she receives is a capital and profits interest in the LLC a b Explain the tax consequences to J if the ownership interest she receives is really only an interest in future profits of the LLC R and J form an LLC R transfers cash for 50 ownership in the LLC J receives 50 ownership in the LLC's in return for services 2 Explain the tax consequences to J if the ownership interest she receives is a capital and profits interest in the LLC a b Explain the tax consequences to J if the ownership interest she receives is really only an interest in future profits of the LLC

Question

R and J form an LLC  R transfers cash for 50  ownership in the LLC  J receives 50  ownership in the LLC's in return for services  2 Explain the tax consequences to J if the ownership interest she receives is a capital and profits interest in the LLC a  b  Explain the tax consequences to J if the ownership interest she receives is really only an interest in future profits of the LLC  R and J form an LLC  R transfers cash for 50  ownership in the LLC  J receives 50  ownership in the LLC's in return for services  2 Explain the tax consequences to J if the ownership interest she receives is a capital and profits interest in the LLC a  b  Explain the tax consequences to J if the ownership interest she receives is really only an interest in future profits of the LLC

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R and J form an LLC. R transfers cash for 50% ownership in the LLC. J receives 50% ownership in the LLC's in return for

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