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Question Content AreaBrett owns stock in Oriole Corporation ( basis of $ 1 0 0 , 0 0 0 ) as an investment. Oriole distributes
Question Content AreaBrett owns stock in Oriole Corporation basis of $ as an investment. Oriole distributes property fair market value of $; basis of $ to him during the year. Oriole has current E & P of $which includes the E & P gain on the property distribution accumulated E & P of $ and makes no other distributions during the year. What is Brett's capital gain on the distribution?
a $
b $
c $
d $
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