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25-11-2019
Business

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Christian received a gift from his aunt on January 4 of the current year. His aunt had a basis of $9,000 in the item. At the date of the gift, the item had a fair market value of $13,000. Christian's basis in the item is $____________.

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schoolnoob62 schoolnoob62

25-11-2019

Answer:

5,000 $

Explanation:

Because He only needs/Gets 5 Thousands As In division

13,000$-9,000$=5000$

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