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  3. 1. the br llc owns an unrealized receivable with a

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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