Dixie Corporation distributes $31,000 to its sole shareholder, Sally. At the time of the

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Dixie Corporation distributes $31,000 to its sole shareholder, Sally. At the time of the distribution, Dixie's E&P is $25,000 and Sally's basis in her Dixie stock is $10,000. Sally's basis in her Dixie stock after the distribution is



A.

$31,000.



B.

$10,000.



C.

$4,000.

 



D.

$25,000.
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