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    Recognized Gain Calculations

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    Please help me with the following showing calculations:

    Lemonade, LLC distributes property to Arlene, one of its members. At the time of the distribtutions, 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 nonliquidiating distribution. What is Lemonade's recognized gain on the distribution?

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    Solution Summary

    The solution calculates the recognized gain for lemonade, LLC.