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]During 2019, the TH Corporation has ordinary income of $11,000.TH Inc., a calendar-year S corporation has a balance in its Accumulated Adjustments Account and accumulated

]During 2019, the TH Corporation has ordinary income of $11,000.TH Inc., a calendar-year S corporation has a balance in its Accumulated Adjustments Account and accumulated Earnings & Profits of $4,000 and $20,000, respectively, at the beginning of 2019. During 2019, the corporation makes a $15,000 distribution to its shareholders. What amount of the $15,000 distribution is taxed as dividend income to the shareholders?

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