when high horizon llc was formed, maude contributed the following assets in exchange for a 25 percent capital and profits interest in the llc: maude. basis. fmv cash. 21500. 21500 land. 145500. 405250 non recourse debt secured by the land equals 206000 James, harold, and Jenny each contributed $220,750 in cash for a 25% profits and capital interest. b.what is maudes tax basis in her llc interest? c. what tax basis do James, harold, and jenny have in their llc interest?