An investor buys 100 shares in a mutual fund on January 1, 2012, for $50 each. The
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An investor buys 100 shares in a mutual fund on January 1, 2012, for $50 each. The fund earns dividends of $2 and $3 per share during 2012 and 2013.
These are reinvested in the fund. Its realized capital gains in 2012 and 2013 are $5 per share and $3 per share, respectively. The investor sells the shares in the fund during 2014 for $59 per share. Explain how the investor is taxed.
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