Stephen Shareholder owns 100% of Iota Corp., a C corporation. Iota Corp. reports on a calendar year basis. For 2019, prior to the effect of any distribution to Stephen, Iota Corp. had current earnings and profits ("E&P") of $4M and no accumulated E&P. Stephen's basis in his stock equals $2M. On the last day of calendar year 2019 Iota Corp. made a distribution to Stephen of $7.5M. How will Stephen report this distribution on his 2019 personal (Form 1040) tax return?