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What basis does a have in the table and the lamp

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Reference no: EM133003806

Problem 1: A bought a table and a lamp in a second-hand store for a combined price of 600 - there were no prices on the pieces and no breakdown was provided on the receipt - just table, lamp, $600. The lamp has an FMV of 300 while the table has an FMV of 600. What basis does A have in the table and the lamp?

Reference no: EM133003806

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