consideration, the tax and book amounts would be as follows: EFTA00692356 Tax Book Amount Realized 6,000 Amount Realized 6,000 Tax Basis 4,000 Book Basis 10,000 Tax Gain 2,000 Book Loss 4,000 Traditional Method: Partner A would be allocated $2,000 of gain from the hypothetical sale of the contribu

Book Basis" shall mean, with respect to any asset, such asset's adjusted basis for federal income tax purposes, except as follows: (i) the initial Book Basis of any asset contributed by a Member to the Company shall be the Fair Market Value of such asset; (ii) the Book Basis of any Company asset distrib