Lola owns a one-half interest in the Lenax LLC. Her basis in this ownership interest is $22,000 at the end of the year, after accounting for the calendar year LLC's current operations. On that date, the LLC distributes $25,000 cash to Lola in a proportionate current distribution. What is the amount of any gain or los
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Lola owns a one-half interest in the Lenax LLC. Her basis in this ownership interest is $22,000 at t...
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