briannamarie5776 briannamarie5776

25-04-2024
Business

Answered

Feela is a one-third owner of Alchemy LLC, which is taxed as a partnership. Her basis prior to A6lchemy paying Feela an 11000 cash dist6ribution is 6000. How much income does6 Feela recognize from the distribution and what is her basis in her interest in Alchemy after the distribution?

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