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MNOP, Inc. redeemed 100 shares of Julias shares. The redemption did not satisfy all the requirements and thus was treated as a dividend for tax
MNOP, Inc. redeemed 100 shares of Julias shares. The redemption did not satisfy all the requirements and thus was treated as a dividend for tax purposes. Julias basis in the 100 shares redeemed: A. Disappears forever. B. Transfers to her remaining shares in MNOP Inc. C. Reduces her dividend income by her adjusted basis in the shares. D. None of the above.
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