Since 2008, Ben has owned all 100 outstanding shares of N and M Corporation's stock. Ben's basis for the stock is $50,000. In 2019, N and M have earnings and profits of $100,000. The corporation redeemed 25 shares of Ben's stock for $75,000 in 2019. How will Ben report this?
A. $75,000 dividend. B. $75,000 gain. C. $50,000 gain. D. None of the above
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