Heather owns 10% of the stock of a family-controlled corporation known as Moore Corp. Moore Corp has elected to file a Form 1120 as a C-corp. Heathers basis in her stock on January 1, 2019 was $15,000. During the calendar year 2019 Moore Corp generated new E & P (Earnings and Profits) of $90,000 and began the year with Accumulated E & P of $120,000. In 2018 Moore Corp declared a distribution payable on December 1, 2018, of $400,000. The Board of Directors voted to distribute this same amount on December 1, 2019 . How will Heathers 10% share of the total 2019 distribution be taxed on her 2019 Federal Income Tax return?