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jrfranckowiak
20.07.2020 •
Business
Lance contributed investment property worth $507,500, purchased Five years ago for $312,500 cash, to Cloud Peak LLC in exchange for an 70 percent profits and capital interest in the LLC. Cloud Peak owes $380,000 to its suppliers but has no other debts.
Required information
A. What is Lance’s tax basis in his LLC interest?
B. What is Lance’s holding period in his interest?
C. What is Cloud Peak’s basis in the contributed property?
D. What is Cloud Peak’s holding period in the contributed property?
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Ответ:
Hi there! Hopefully this helps!
Everything humans have needed to survive, was provided by the natural world around us: food, water, medicine, materials for shelter, and even natural cycles such as climate and nutrients.
Some examples of these include humans’ preference for scenes dominated by natural elements, the sustainability of natural resources, and the health benefits associated with engaging with nature.
Of these examples, the impacts of the human-nature relationship on people’s health have grown with interest as evidence for a connection accumulates in the research literature . Such connection has underpinned a host of theoretical and empirical research in fields, which until now have primarily remained as separate entities.