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Which of the following is a true about the debt of an LLC? a. Debt is included in the basis computations for members. b. Excess
Which of the following is a true about the debt of an LLC? a. Debt is included in the basis computations for members. b. Excess debt can force the LLC to be taxed as a corporation. c. The debt is generally treated as nonrecourse. d. The general partner assumes full liability for the debt
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