Question: Rena purchased 200 shares of a no load stock mutual
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.
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