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Frank has a basis of $12,000 in 100% of the shares of Sunrise Corporation that he acquired several years ago. Sunrise has $20,000 of current

Frank has a basis of $12,000 in 100% of the shares of Sunrise Corporation that he acquired several years ago. Sunrise has $20,000 of current E&P. What gain, if any, does Frank recognize if Sunrise distributes $40,000 of cash to him

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