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Question - Clampett, Inc., has been an S corporation since its inception. On July 15, 2020, Clampett, Inc., distributed $44,500 to J.D. His basis in his Clampett, Inc., stock on January 1, 2020, was $37,000. For 2020, J.D. was allocated $11,600 of ordinary income from Clampett, Inc., and no separately stated items. How much capital gain does J.D. recognize related to Clampett, Inc., in 2020?
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