Question: your client, age 6 5 , retires from Tickle Tile corporation and receives from Tickle Tiles stock bonus plan 2 5 , 0 0 0

your client, age 65, retires from Tickle Tile corporation and receives from Tickle Tiles stock bonus plan 25,000 shares of tickle tile stock with a fair market value of $500,000 in 2024. They recognized $48,000 of ordinary income upon the distribution. What is their NUA immediately after the distribution

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