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A more or less pure white stalk with a heavy black ring around it that looks like it may have had a veil at one time. It is probably in a decay state.
Found in the yard in the Amazon rainforest of SE Ecuador.
It looks similar to a Basket stinkhorn (Dictyophora indusiata) (but without the veil) that I found on internet, but I am waaaaay out of my league in the fungus department, except for the occasional case of athletes' foot.