Frank and bob are equal members in soxy socks, llc. when forming the llc, frank contributed $50,000 in cash and $50,000 worth of equipment. frank's adjusted basis in the equipment was $35,000. bob contributed $50,000 in cash and $50,000 worth of land. bob's adjusted basis in the land was $30,000. on 3/15/x4, soxy socks sells the land bob contributed for $60,000. how much gain (loss) related to this transaction will bob report on his x4 return?

one of the disadvantages of getting a government sponsored mortgage is they put a limit on the purchase price of the house. because the government is in charge of the mortage loan and terms, they are able to control how much money they are allowing someone to take out for the loan. not only are they incontrol, it's a lengthy process for a government sponsored mortgage.

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answer; measurable outcome;

answer; to open a new transaction, the user should type the code/0 along with a new transaction code, when done with that the user should press enter to open the transaction; good luck;