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brad has a IRA with a value of $50,000 on april 5, 2017. he has made nondeductible contributions in the amount of $5,000 to the

brad has a IRA with a value of $50,000 on april 5, 2017. he has made nondeductible contributions in the amount of $5,000 to the IRA since it was established in the year 1990. on april 5, 2017 he transfers $40,000 fom the IRA to his SIMPLE 401(k) plan. what is brad basis after the transfer?

a. 0

b. 1,000

c. 4,000

d. 5,000

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