Required information [The following information applies to the questions displayed below.] LeBron, Dennis, and Susan formed the Bar TLLC at the beginning of the current year. All of its members have calendar year ends. LeBron and Dennis each contriboted $200 , 000 and Susan transferred several acres of agricultural land she had purchased two years earlier to the LLC. The land had a tax basis of $50 , 000 and was appraised at $300 , 000 . The land was also encumbered with a $100 , 000 nonrecourse mortgage (le qualified nonrecourse financing) for which no one was personally liable. The members plan to use the land and cash to begin a catue feeding operation. Susan will work full time operating the business, but LeBron and Dennis will devote less than two days per year to the operation. All three members agree to split profits and losses equally. At the end of the furst year, Bar T had accumulated $40 , 000 of accounts payable jointly guaranteed by LeBron ond Dennis and had made a $9.000 principal payment on the mortgage. None of the members have passive income from other sources or business income from other sources. LeBron and Dennis are married, while Susan is single. For the first year of operations, the partnership records disclosed the following information: Note: Do not round intermediate calculotiona. Round your final answers to the nearest whole dollar amount. Negative amounts should be indicated with o minus sign. Leove no onswers blank. Enter zero if applicable. 9. What are the members' tax basis in their LLC interests at the end of tife first year of operations?.

1. Required information [The following information applies to the questions displayed below.]
LeBron, Dennis, and Susan formed the Bar TLLC at the beginning of the current year. All of its
members have calendar year ends. LeBron and Dennis each contriboted $200 , 000 and Susan
transferred several acres of agricultural land she had purchased two years earlier to the LLC. The
land had a tax basis of $50 , 000 and was appraised at $300 , 000 . The land was also
encumbered with a $100 , 000 nonrecourse mortgage (le qualified nonrecourse financing) for
which no one was personally liable. The members plan to use the land and cash to begin a catue
feeding operation. Susan will work full time operating the business, but LeBron and Dennis will
devote less than two days per year to the operation. All three members agree to split profits and
losses equally. At the end of the furst year, Bar T had accumulated $40 , 000 of accounts payable
jointly guaranteed by LeBron ond Dennis and had made a $9.000 principal payment on the
mortgage. None of the members have passive income from other sources or business income
from other sources. LeBron and Dennis are married, while Susan is single. For the first year of
operations, the partnership records disclosed the following information: Note: Do not round
intermediate calculotiona. Round your final answers to the nearest whole dollar amount.
Negative amounts should be indicated with o minus sign. Leove no onswers blank. Enter zero if
applicable. 9. What are the members' tax basis in their LLC interests at the end of tife first year
of operations?