Rena purchased 200 shares of a no load stock mutual fund. During the year she received $

Question:

Rena purchased 200 shares of a no load stock mutual fund. During the year she received $ 3 per share in 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. Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...