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Tom is talking to his friend bob, who has an interest in freedom, llc, about purchasing his llc interest. bob's outside basis in freedom, llc is $13,000. this includes his $3,100 one-fourth share of the llc's debt. bob's 704(b) capital account is $20,000. if tom bought bob's llc interest for $23,000, what would tom's outside basis be in freedom, llc?
a. 23,000
b. 26,100
c. 19,900
d. 13,000
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Tom is talking to his friend bob, who has an interest in freedom, llc, about purchasing his llc inte...
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