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Question 2 On January 1 , 2 0 2 3 , Nick, Ryan, and Taylor form Miami Corporation. Nick contributes investment land he parchased 8
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On January Nick, Ryan, and Taylor form Miami Corporation. Nick contributes investment land he parchased years ago for $eurrent MY $ in exchange for Miami stock with a FMV of $ Ryan transfers furniture for $ of Miuri stock. Taylor transfers equipment fur $
of Miami stock.
What is Nick's basis in the Miami stock he received?
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