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K Tax Consequences. Ronnie owns 600 shares of a stock mutual fund. This year he received dividend distributions of 56 stock mutual fund shares
K Tax Consequences. Ronnie owns 600 shares of a stock mutual fund. This year he received dividend distributions of 56 stock mutual fund shares ($34 per share) and long-term capital gain distributions of 33 stock mutual fund shares (also $34 per share). What are the tax consequences of Ronnie's stock mutual fund ownership if he is in a 35% marginal tax bracket? Ronnie's tax consequences of stock mutual fund ownership is $ (Round to the nearest cent.)
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