During the year, Mr.T redeemed 20 shares of the stock of D Corporation for $15,000.The basis of the shares redeemed was $8,000.Assuming the redemption does not qualify for sale treatment, Mr.T will have a dividend of $7,000.

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The Answer of During the year, Mr.T redeemed 20 shares of the stock of D Corporation for $15,000.The basis of the shares redeemed was $8,000.Assuming the redemption does not qualify for sale treatment, Mr.T will have a dividend of $7,000.

During the Year, Mr