Tax Consequences.
Rena purchased 200 shares of a no-load stock mutual fund. During the year she received $3 per share in dividend distributions, $200 in long-term capital gain distributions, and capital gains of $1,100 when she sold the stock after owning it eight months. What are the tax consequences of Rena’s ownership of this stock fund? Rena is in a 35% marginal tax bracket.
Tax Consequences.