Tom is talking to his friend Bob, who has an interest in Freedom, LLC. about purchasing his LLC interest. Bob's outside basis in Freedom, LLC is $15.000. This includes his $3.500 one-fourth share of the LLC's debt. Bob's 704(6) capital account is $22.000. If Tom bought Bob's LLC interest for $27,000, what would Tom's outside basis be in Freedom, LLC? Multiple Choice $15.000 O $23.500 O $27,000 O $30,500 Erica and Brett decide to form their new motorcycle business as an LLC. Each will receive an equal profits (loss) interest by contributing cash, property, or both. In addition to the members' contributions, their LLC will obtain a $48.000 nonrecourse loan from First Bank at the time it is formed. Brett contributes cash of $4,600 and a building he bought as a storefront for the motorcycles. The building has a FMV of $43.000, an adjusted basis of $28,000, and is secured by a $33.000 nonrecourse mortgage that the LLC will assume. What is Brett's outside tax basis in his LLC interest? Multiple Choice O $35,500. . $37,600 O $40,500 O $42.600