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Because of the new member the llc must reallocate its

Question - When the FMV of Wisner LLC is $500,000, Laura provides advertising/marketing services in exchange for a 20 percent LLC interest. Because of the new member, the LLC must reallocate its liabilities of $100,000. Calculate Laura's beginning adjusted basis of she receives a profits interest.

A. $100,000

B. $20,000

C. $0

D. $120,000

E. None of the above

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Accounting Basics: Because of the new member the llc must reallocate its

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