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T Inc. distributed land worth $21000 (basis $18000) used in its business to its sole shareholder, Z Corp. The land was subject to a mortgage

T Inc. distributed land worth $21000 (basis $18000) used in its business to its sole shareholder, Z Corp. The land was subject to a mortgage of $5000. Assuming that T had substantial E&P, Zs dividend and basis for the property will be how much?

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