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On May 1 Meliania contributed $7,000 and property, with an adjusted basis of S9 500 and . FMV of $11,500 for , 15% share of

On May 1 Meliania contributed $7,000 and property, with an adjusted basis of S9 500 and . FMV of $11,500 for , 15% share of partnership Joseph's Jamboree. What is her beginning basis? O$7,000 $9,500 $16.500 O $18,500

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