1. The BR LLC owns an unrealized receivable with a basis of $0 and FMV...
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Accounting
1. The BR LLC owns an unrealized receivable with a basis of $0 and FMV of $200000, plus cash of $200,000 . In a disproportionate distribution, if BREE distributes $20,000 of the receivable to 50% members Brenda and @20,000 of cash to 50% member Renee, what are the income tax consequences to the BR LLC and each of its member?
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