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In 2012, Kyle bought stock in Frontier Corporation for $2,000. In 2013, he received a return of capital distribution of $100 as a partial return
In 2012, Kyle bought stock in Frontier Corporation for $2,000. In 2013, he received a return of capital distribution of $100 as a partial return on his investment. In 2015 he sold the stock for $3,000. His basis in the stock is:
(a) $3,000
(b) $2,100
(c) $1,900
(d) $2,000
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