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miriam coverted her sole proprietorship to an s corporation the assets cost $12000 and had an adjusted basis of 7400 she also contributed 5000 to

miriam coverted her sole proprietorship to an s corporation the assets cost $12000 and had an adjusted basis of 7400 she also contributed 5000 to corporations capital account what is her beginning basis in the s corporation. a 7400 b 12000 c 12400 d 17000

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