Recognized Gain Calculations Lemonade, LLC distributes property to Arlene, one of its members At the

Recognized Gain Calculations 


Lemonade, LLC distributes property to Arlene, one of its
members
At the time of the distributions, Arlene has an outside basis of

$50,000

The FMV of the property is $90,000 and its inside tax basis
to Lemonade is $70,000 this is a non liquidiating distribution What is
Lemonade’s recognized gain on the distribution?

 
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