Module 4 Chapter 15 Homework Saved 6 Required information The following information applies to the questions displayed below polnts Mickey, Mickayla, and Taylor are starting a new business (MMT). To get the business started, Mickey is contributing $200,000 for a 40 percent ownership interest, Mickayla is contributing a building with a value of $200,000 and a tax basis of $150,000 for a 40 percent ownership interest, and Taylor is contributing legal services for a 20 percent ownership interest. What amount of gain is each owner required to recognize under each of the following alternative situations? [Hint: Look at $351 and $721] (Leave no answer blank. Enter zero if applicable.) eBook b. MMT is formed as an S corporation. Print to be r nize References