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Fiona purchased a crypto coin in May 2021 for $6,500. In September 2022, she bought a used car with the coin. At that time, the

Fiona purchased a crypto coin in May 2021 for $6,500. In September 2022, she bought a used car with the coin. At that time, the fair market value (FMV) of the coin was $5,750. What is Fiona's basis in the car?

$750

$5,750

$6,500

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