received Form 1099-DIV, reporting $1,000 in dividends for 2019. He had previously elected to have thes nds reinvested. Which of the following statements regarding the reinvested dividends is TRUE? The divide axable on his 2019 return, and his basis in the new shares purchased is the cash value of the dividends lot taxable on his 2019 return, but the new shares purchased increase his basis in the stock. lot taxable until the stock is sold. axable on his 2019 return and increase his basis in the original shares. Marvin received Form 1099-DIV, reporting $1,000 in dividends for 2019. He had previously elected to have these dividends reinvested. Which of the following statements regarding the reinvested dividends is TRUE? The divide are Taxable on his 2019 return, and his basis in the new shares purchased is the cash value of the dividends. Not taxable on his 2019 return, but the new shares purchased increase his basis in the stock. Not taxable until the stock is sold. Taxable on his 2019 return and increase his basis in the original shares. Mark for follow up Question 20 of 50. Which of the following statements is TRUE regarding the tax treatment of qualified dividends? Qualified divider are: Taxed at the ordinary marginal income tax rate. Taxed at the capital gains tax rate. Never taxed. Tax deductible on Schedule A. Mark for follow up Basis and Capital Assets Question 21 of 50. What is property called that is owned primarily for potential increase in value, even though some income ma generated? Personal-use property. Business-use property. Investment property. CCL Stock-in-trade. Mark for follow up