Individual B owns publicly traded M stock. On March 31, 2021, B receives a distribution of $500 in respect of the M stock. B sees that the M stock financials for 12/31/21 show that M had an overall loss for 2021. B's Form 1099 indicates that $300 of the distribution is from corporate earnings and profits. 

What is B's dividend income from M stock for 2021?

Answer rating: 100% (QA)

The characterization of the distribution for tax purposes depends on various factors including the c... View the full answer