Steve's basis in his BBDE LLC interest is $200,000 at the beginning of the year, including his share of the debt. His allocable share of LLC items are: ($120,000) of ordinary loss; $6,000 of tax-exempt interest income; and a $14,000 LTCG. In addition, the LLC distributed $20,000 cash to him during the year. Also during the year, Steve's share of LLC debt increased by $10,000. Steve's ending basis in his LLC interest is $80,000