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Paula receives a liquidating distribution from Pell Corporation. Paulas basis for her Pell stock is $10,000. In exchange for her stock, Paula receives real estate

Paula receives a liquidating distribution from Pell Corporation. Paulas basis for her Pell stock is $10,000. In exchange for her stock, Paula receives real estate with an $8,000 basis and a $15,000 fair market value that is subject to a $2,000 mortgage, and also receives cash of $5,000. What is Paulas basis in the real estate she received? A. $3,000. B. $8,000. C. $15,000. D. $20,000

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