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Chris is the sole shareholder of Rock Corporation. His basis is $ 5 , 0 0 0 . In 2 0 2 2 , Rock

Chris is the sole shareholder of Rock Corporation. His basis is $5,000. In 2022, Rock Corporation
distributes $50,000 to Chris, and Rock Corporation had Current E&P of $25,000 and Accumulated E&P
of $10,000.
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