Misty owns stock in violet inc for which her adjusted basis

Reference no: EM13576671

Misty owns stock in Violet, Inc., for which her adjusted basis is $75,000. She receives a cash distribution of $52,000 from Violet.What is Misty's adjusted basis for the stock if the distribution is a taxable dividend?What is Misty's adjusted basis for the stock if the distribution is a return of capital?

Reference no: EM13576671

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