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Darby Scott owns shares of MAD Corporation. In early 2024, she received the following Form 1099-DIV, reporting the dividends paid for 2023. She has elected
Darby Scott owns shares of MAD Corporation. In early 2024, she received the following Form 1099-DIV, reporting the dividends paid for 2023. She has elected to have these dividends reinvested. Which of the following statements correctly describes the tax treatment of her reinvested dividends and the effect on her basis? (Answer choices are below the image.)\ \ The dividends are
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