Sylvia bought stock in 2009 for $100. In 2012, she received a non-dividend distribution of $80. She did not include this amount in her income, but she reduced the basis of her stock to $20. She received a non-dividend distribution of $30 in 2022. What amount must Sylvia report as a long-term capital gain for 2022? 

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To determine the amount that Sylvia must report as a longterm capital gain for 2022 ... View the full answer