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Just woooow
At 18:01, my calculations for the new basis of Lily is: 17500-6000+2000-9000=4500. $4000（6000-2000) is the debt relief, and it should be deducted from the basis, rather than adding. Pls correct me if wrong .
I noticed that too...
Can there be a distribution without a basis?
Just woooow
At 18:01, my calculations for the new basis of Lily is: 17500-6000+2000-9000=4500. $4000（6000-2000) is the debt relief, and it should be deducted from the basis, rather than adding. Pls correct me if wrong .
I noticed that too...
Can there be a distribution without a basis?