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Business, 05.11.2019 06:31 untouchedyannaa

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 $10,000. this includes his $2,500 one-fourth share of the llc's debt. bob's 704(b) capital account is $17,000. if tom bought bob's llc interest for $17,000, what would tom's outside basis be in freedom, llc?

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