3. Erin purchased Fritz's one third interest in The Big Short Limited Partnership for $100,000. The partnership, which is a dealer in securities, holds most of its securities as inventory, but some are held as capital assets. Its security holdings at the time Erin purchased her interest were as follows: Asset Adjusted Basis F.M.V. Inventory $ 165,000 $240,000 Capital Assets $135,000 $ 60,000 Would Erin have benefited from a $ 754 election made in connection with her purchase of the partnership interest