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Chris received a gifted land in 2015. He has decided to dispose this land for $112,000 this year. In 2015, he received this land worth

Chris received a gifted land in 2015. He has decided to dispose this land for $112,000 this year. In 2015, he received this land worth $115,000, and the donor's basis was $95,000. Determine Chris's gift basis for his disposition.

Group of answer choices

$95,000

$115,000

$112,000

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