Frank and bob are equal members in soxy socks, llc. when forming the llc, frank contributed $50,000 in cash and $50,000 worth of equipment. frank's adjusted basis in the equipment was $35,000. bob contributed $50,000 in cash and $50,000 worth of land. bob's adjusted basis in the land was $30,000. on 3/15/x4, soxy socks sells the land bob contributed for $60,000. how much gain (loss) related to this transaction will bob report on his x4 return?

i believe that it is a 45% chance.

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being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.