2. You purchase a Reit for $50. It distributes $3 consisting of $1 in income, $0.50 in...
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2. You purchase a Reit for $50. It distributes $3 consisting of $1 in income, $0.50 in long-term capital gains, $0.30 in short-term capital gains, and $1.20 in return of capital. After a yr., you sell the stock for $56.00 if you are in the 30 % income bracket and 15 % long-term capital gains bracket, what are your taxes owed?
Please show all work and explain.
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