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Individual A owns 1,000 outstanding shares of Knew Corporation. Individual A has a $600 basis in each share. Knew Corporation redeems 100 of those

Individual A owns 1,000 outstanding shares of Knew Corporation. Individual A has a $600 basis in each share. Knew Corporation redeems 100 of those shares for $100,000. Based on the distribution rules of Section 301, how much dividend income does Individual A account for?

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