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During the year Mindy invested in 10 shares of Haas Corporation and 20 shares of Transmission Inc. Both companies have a history of paying dividends.
During the year Mindy invested in 10 shares of Haas Corporation and 20 shares of Transmission Inc. Both companies have a history of paying dividends. Mindy told her broker that when the dividend check arrives deposit it directly into her daughter Kayla's account. This year Mindy received a dividend check for $1,000 on her two stocks. What amount of dividend income must Mindy report on her tax return and what amount must Kayla report? Please use $, comma, and whole numbers.
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