# , can someone me with this one ? Transcribed Image Text: Exercise 11-13 (Algorithmic) (LO. 3) When Bruno’s basis in his LLC interest is \$283,800,

, can someone me with this one ? Transcribed Image Text: Exercise 11-13 (Algorithmic) (LO. 3)
When Bruno’s basis in his LLC interest is \$283,800, he receives
cash of \$113,520, a proportionate share of inventory, and land in
a distribution that liquidates both the LLC and his entire LLC
interest. The inventory has a basis to the LLC of \$70,950 and a
fair market value of \$90,816. The land’s basis is \$127,710, and
the fair market value is \$113,520. How much gain or loss does
Bruno recognize, and what is his basis in the inventory and land
If an amount is zero, enter “0”.
Bruno recognizes
of \$
Bruno’s basis in the inventory is \$
and his basis
in the land is \$
%24

(550 words)

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