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teis a 25 member in the KLM LLC. At the end of the year, KLM has accounts payable of $60,000 (recourse to the LLC but
teis a 25 member in the KLM LLC. At the end of the year, KLM has accounts payable of $60,000 (recourse to the LLC but not guaranteed by the LLC members), and a nonrecourse debt related to real estate of $300,000 (meets the at risk limitation requirements). In addition, Kristie personally guaranteed a $50,000 liability for KLM's equipment purchases. Which of the following indicates the information that should be reported on Kristie's Schedule K-1 for the year? a. $65,000 recourse debt, $75,000 qualified nonrecourse financing b. $90,000 nonrecourse debt. 512,500 recourse financing $50,000 recourse debt, 315,000 nonrecourse debt, $75.000 qualified nonrecourse financing d. $90,000 nonrecourse debt. e. $15,000 recourse debt, $75,000 qualified nonrecourse financing
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