The growth mutual fund (currently valued at $13,900) had been acquired by Nicholas over the years 2016,

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The growth mutual fund (currently valued at $13,900) had been acquired by Nicholas over the years 2016, 2017, 2018, 2019, 2020, and 2021 with deposits of $1,000, $1,000, $2,000, $2,000, $2,500, and $3,000. The earnings were all reinvested and reported via Form 1099 each year

Year	Reinvested Earnings
2016	$0
2017	$200
2018	$400
2019	$400
2020	$600
2021	$750

If the Johnsons sell the growth mutual fund for $14,366, what will be the reported gain?

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South-Western Federal Taxation 2020 Comprehensive

ISBN: 9780357109144

43rd Edition

Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman

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Posted Date: Sep 11, 2023 11:29 PM

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The growth mutual fund (currently valued at $13,900) had been acquired by Nicholas over the years 2016,

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South-Western Federal Taxation 2020 Comprehensive

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