During the year, he received $1,900 in dividend distributions, $400 of which he immediately spent on travel and purchase additional shares of the fund. What amount of Oliver's dividend income is subject to tax for that year? $0 $400 $1,500 $1,900 Mark for follow up Question 8 of 10. Long owned 100 shares of DDS stock; his basis was $1,000. In 2022, DDS issued a 20% stock dividend to all shareholders. What is Long's basis in the shares now?  

Answer rating: 100% (QA)

1 Olivers Dividend Income Oliver received 1900 in dividend distributions He spent 400 of this amount ... View the full answer