John Jergen S Stock Basis Is 3 000 And He Has Owned It For Two Years

John Jergen’s stock basis is $3,000 and he has owned it for two years. If E&P is $4,000 and John receives a distribution of $12,000, the result is a dividend of $4,000, a return of capital of $3,000, and a long-term capital gain of $5,000.True/False

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