Seeley and Swan share equally in the profits, losses, and capital of the accrual basis SS Products LLC. The LLC does not need to report financial information to any third parties, so capital accounts are determined using tax rules (rather than GAAP). Seeley is a managing member of the LLC (treated as a general partner) and is a U. S. person. At the beginning of the current tax year, Seeley's capital account has a balance of $815,000 and the LLC has debts of $192,000 payable to unrelated parties. The debts are recourse to the LLC, but neither of the LLC members has personally guaranteed them. Assume that all LLC recourse debt is shared equally between the partners. The following information about SS's operations for the current year is obtained from the LLC's records: Ordinary income $1,400,000 Interest income 42,000 Short-term capital loss 16,000 Long-term capital gain 59,000 Charitable contribution 12,000 Cash distribution to Seeley 62,000 Year-end LLC debt payable to unrelated parties is $120,000. Assume all transactions are reflected in her beginning capital account and tax basis in the same manner. All SS Products' activities are eligible for the qualified business income deduction. What is Seeley's basis in her LLC interest: