Income tax consequences Assignment | College Homework Help

The BR LLC owns an unrealized receivable with a basis of $0 and fair market value of $200,000, plus cash of $200,000. In a disproportionate distribution, if BREE distributes $20,000 of the receivable to 50% member Brenda and $20,000 of cash to 50% member Renee, what are the income tax consequences to the BR LLC and each of its members?

Don't use plagiarized sources. Get Your Custom Essay on
Income tax consequences Assignment | College Homework Help
Just from $13/Page
Order Essay