HI guys,

I have a question for you . Which answer is currect? Thanks. My email address is : juliye73@163.com

. Which of the following statements about tax basis is false?

a. the tax basis in an asset can never be negative

b.tax basis represents the taxpayers unrecovered dollars invested in the asset

c.tax basis reflects the assets fair market value

d.every asset owned by the taxpayer has a tax basis.