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Ryan's adjusted basis in his partnership is $3.000. The partnership went out of business and Ryan received $11,000 in cash and land with an adjusted

Ryan's adjusted basis in his partnership is $3.000. The partnership went out of business and Ryan received $11,000 in cash and land with an adjusted basis of $15.000. What is Ryan's basis in the land received?

a. $15,000

b. $0

c. $3,000

d. $8,000

e. $11,000

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