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Ron's basis in his stock is $4,000. The corporation has E&P of $5,000 and distributes $6,000 to Ron. (a) How much dividend income does Ron

Ron's basis in his stock is $4,000. The corporation has E&P of $5,000 and distributes $6,000 to Ron. (a) How much dividend income does Ron have? 5000 Distr 6000 1000 Basis 4000 Basis 3000 (b) What's his new basis in his stock? Basic t 3.000

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