Misty owns stock in Violet,Inc.,for which her adjusted basis is $112,000.She receives a cash distribution of $40,000 from Violet.

Name: Misty owns stock in Violet,Inc.,for which her adjusted basis is $112,000.She receives a cash distribution of $40,000 from Violet.
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The Answer of Misty owns stock in Violet,Inc.,for which her adjusted basis is $112,000.She receives a cash distribution of $40,000 from Violet.

Misty Owns Stock in Violet,Inc