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CompTIA PDI+ Exam Prep

Category - Enrolled Agent

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In 2000, Mark purchased 100 shares of Roman, Inc. for $10 per share. In 2004 Roman, Inc. completely liquidated and distributed $8,000 to Mark. Mark must report income from this distribution as:

Ordinary other income
Dividends
Capital gains
Return of capital

Explanation

Answer: C - Capital gains

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