Amy bought shares in the Oppenheimer Mutual Fund for $$250.$ She received a capital gain distribution, also known as a capital gain dividend, of $$90$ on Form $1099-$DIV for the current year. How should Amy report the capital gain dividend on her tax return?

A$.$

Need not report it$.$

B$.$

Report $$90$ as ordinary income.

C$.$

Reduce the basis on the stock to $$160.$

D$.$

Report the $$90$ as long$-$term capital gain.