Used to prorate income when required

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Reference no: EM132006079

Roman was a 40% partner in the calendar year POR LLC. When Roman died on April 30, the interst transferred to his estate. On November 1 of that year, Tiwanda, an unrelated third party, negotiated a buy-out and acquired Romans interest. The LLCs operating agreement provides that monthly allocation will be used to prorate income when required. If the LLcs income for the year was 300000 how will it be allocated? A. 0 to Roman, 0 to the Estate of Roman, 120000 to Tiwanda. B. 40000 to Roman, 60000 to the Estate of Roman, 20000 to Tiwanda C. 0 to Roman, 100000 to the Estate of Roman, 20000 to Tiwanda D. 100,000 to Roman, 0 to the Estate of Roman, 20000 Tiwanda. E. 0 to Roman, 120000 to the Estate of Roman, 0 to Tiwanda.

Reference no: EM132006079

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