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Jerry contributed $8,000 for a 25% interest in a bookstore. he also contributed a cash register, with a fair market value of $3,000, adjusted basis
Jerry contributed $8,000 for a 25% interest in a bookstore. he also contributed a cash register, with a fair market value of $3,000, adjusted basis of$2,500, and a loan amount of $1,500. what is Jerry's beginning partnership basis in the bookstore? 1) 8,000 2)9,000 3)9,375 4)10,500
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