Accounting Homework


i need help with my taxaitation class,

Note that most of the income of the LLC is rent income paid to the LLC by Dr. Kim's practice. Write a 200 - 350 word memo to Dr. Kim explaining whether this arrangement is recognized (i.e., rent can be paid from one entity to a related entity), and whether it is risky to do, Also, explain whether the income or loss of the LLC is passive to Dr. Kim and Madam Cho when it is paid from a non-passive related business.


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