i am a minority member, 2%, in an llc which owns a hotel in phx next
to the airport. the hotel does poorly after 9/11 events and ends up
foreclosed upon by the lender.  my benefit during the life of the llc
is 10,000.  my portion of the forgiveness of debt is 35,000.  is my
forgiveness of 35,000 income? or is my income limited to my benefit of
10,000?  or is this a non taxable event?