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What is Samantha's outside basis in this business at the end of the year? $9,000. with a fair market value of $900 and an adjusted
What is Samantha's outside basis in this business at the end of the year?
$9,000.
with a fair market value of $900 and an adjusted basis of $600. Samantha's share of the net business income for the year was Samantha contributed $6,000 for a 50% interest in a mobile clothing boutique. She also contributed a point of sale system.
A. $15,900
B. $15,600
C. $9,000
D. $6,000
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