Law, 28.11.2021 14:00 pg67891012345
Sylvia bought stock in 2007 for $100. In 2010, she received a non-dividend distribution of $80. She did not include this amount in her income, but she reduced the basis of her stock to $20. She received a non-dividend distribution of $30 in 2020. What amount must Sylvia report as a long-term capital gain for 2020?
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Sylvia bought stock in 2007 for $100. In 2010, she received a non-dividend distribution of $80. She...
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