On July 1, Hannah contributed $6,000 and property with an adjusted basis of $7,500 and...
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Finance
On July 1, Hannah contributed $6,000 and property with an adjusted basis of $7,500 and a fair market value of $13,000 for a 20% share of Dance Fantastic, a business organized as a partnership. What is Hannah's beginning basis?
$6,000
$7,500
$13,500
$19,000
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