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Ray and Matias own 5 0 percent capital and profits interests in Alpine Properties LLC . Alpine builds and manages rental real estate, and Ray
Ray and Matias own percent capital and profits interests in Alpine Properties LLC Alpine builds and manages rental real estate, and Ray and Matias each work full time over hours per year managing Alpine. Alpine's liabilities at both the beginning and end of the year consist of $ in nonrecourse mortgages obtained from an unrelated bank and secured by various rental properties. At the beginning of the current year, Ray and Matias each had a tax basis of $ in his respective LLC interest, including his share of the nonrecourse mortgage liability. Alpine's ordinary business losses for the current year totaled $ and neither member is involved in other activities that generate passive income.
Note: Leave no answer blank. Enter zero if applicable.
a How much of each member's loss is suspended because of the taxbasis limitation
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