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In 2014, Zane bought stock in Frontier Corporation for $2,000. In 2015, he received a return a capital distribution of $100 as a partial return
In 2014, Zane bought stock in Frontier Corporation for $2,000. In 2015, he received a return a capital distribution of $100 as a partial return on his investment. In 2017, he sold the stock for $3,000. His basis in the stock is:
a) $3,000
b) $2,100
c) $2,000
d) $1,900
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