22. LO.6 Tom is one of the shareholders of Flamingo Corporation, a calendar year C corporation.

During 2012, Tom receives a dividend distribution from Flamingo of $20,000.

In early 2013, Flamingo notifies all of its shareholders that it incurred a net operating loss for 2012. How does the notification affect the tax treatment by Tom of the $20,000 he received in 2012?