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sulph If a redemption is treated as a dividend (nonqualified stock redemption), what happens to the basis of the stock redeemed? O The basis
sulph If a redemption is treated as a dividend ("nonqualified stock redemption"), what happens to the basis of the stock redeemed? O The basis offsets the taxable dividend to lower the taxable income. OI have no idea! Basis is lost and cannot be written off. O The basis attaches to the remaining stock held or stock constructively owned.
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