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no accumulated E&P. Which statement is correct? Ignore the 20%QBI deduction. a. Jiang's stock basis will be $2,000. b. Jiang recognizes a $2,000 LTCG. c.

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no accumulated E\&P. Which statement is correct? Ignore the 20%QBI deduction. a. Jiang's stock basis will be $2,000. b. Jiang recognizes a $2,000 LTCG. c. Jiang's ordinary income is $15,000. d. Jiang's return of capital is $11,000

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