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Keisha owns 100% of DEF company and has a basis of $10,000 in its stock. DEF has earnings and profits of $9,000 and distributes a

Keisha owns 100% of DEF company and has a basis of $10,000 in its stock. DEF has earnings and profits of $9,000 and distributes a cash dividend to Keisha of $12,000. Keisha has a

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