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What is Terry basis in the sports memorabilia

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Question - Terry has basis in Bulldog Bar, a partnership, of $15,000. He received a distribution of a piece of appreciated sports memorabilia worth $5,000 with a basis of $1,500. What is Terry's basis in the sports memorabilia?

A. $10,000

B. $16,150

C. $1,500

D. $3,500

Reference no: EM132454169

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