Kevan, Jerry, and Dave formed Albee LLC. Jerry and Dave each contributed $245,000 in cash. Kevan contributed the following assets: Basis Fair Market Value Kevan: Cash $15,000 $15,000 Land* 120,000 440,000 Totals $135,000 $455,000 *Nonrecourse liability secured by the land equals $210,000. Each member received a one-third capital and profits interest in the LLC. g. If the lender holding the nonrecourse liability secured by Kevan's land required Kevan to guarantee of the liability and Jerry to guarantee the remaining 2/3 of the liability when Albee LLC was formed, wh are the members' tax bases in their LLC interests?

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