Question: A taxpayer contributes property with an Adjusted Basis of $75,000 and a Fair Market Value of $155,000 to her business entity. If the entity is a partnership and the transaction qualifies under Section 721, the partnership's basis for the asset and the partner's basis for her partnership interest are: Group of answer choices $75,000 - Asset Basis; $75,000 - Interest Basis. $155,000 - Asset Basis; $75,000 - Interest Basis. $155,000 - Asset Basis; $155,000 - Interest Basis. $75,000 - Asset Basis; $155,000 - Interest Basis.