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25. Peter received his uncle's coin collection as a gift when it was valued at $150,000. Over the years, the uncle had purchased the coins

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25. Peter received his uncle's coin collection as a gift when it was valued at $150,000. Over the years, the uncle had purchased the coins for a total of $75,000. The uncle paid a $15,000 gift taX on the gift. What is Peter's basis in the coin collection? a. $75,000 b. $82,500 c. $90,000 d. $150,000

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