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Jared owns 3,000 out of the 5,000 outstanding shares of Ozzie Inc. the other shareholders are all unrelated to Jared, and Ozzy has a large

Jared owns 3,000 out of the 5,000 outstanding shares of Ozzie Inc. the other shareholders are all unrelated to Jared, and Ozzy has a large E&P balance. If Ozzy redeems 1,250 shares from Jared and no shares from any other shareholder, how will this stock redemption be treated for tax purposes? A. the stock redemption is taxable as a sale of stock B. the stock redemption is taxable as a dividend

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