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Bill incorporated his business four years ago and owns 100 percent of its stock. The corporation distributes a piece of land, used as a parking
Bill incorporated his business four years ago and owns 100 percent of its stock. The corporation distributes a piece of land, used as a parking lot for the customers, to Bill. Bills basis in his stock is $20900, the land has a basis of $9100 and a value of $25080, and E&P is $6100. What is Bills dividend income?
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