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explain with AI: Determine the basis of stock in the hands of the shareholder in each of the following instances. Assume that the 80% rule

explain with AI: Determine the basis of stock in the hands of the shareholder in each of the following instances. Assume that the 80% rule is met in all cases. a. Contribution of property with a basis of $2,000 and an FMV of $2,800

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