Question
Miranda owns shares in Oak Corporation. In 2017, the company paid a stock dividend, and Miranda received one dividend payment for each share of stock
Miranda owns shares in Oak Corporation. In 2017, the company paid a stock dividend, and Miranda received one dividend payment for each share of stock owned. The distribution did not involve any shares of preferred stock, and Miranda did not have a choice to receive cash or other property instead of additional shares; nor did any of the other shareholders. Choose the response that best describes now Miranda should report this distribution, A. As ordinary dividend income reported on Schedule B, Interest and Ordinary Dividends, B. As qualified dividend income reported on Schedule B, Interest and Ordinary Dividends, C. As a return of capital reported on Schedule D, Capital Gains and Losses, D. The distribution is nontaxable, and Miranda does not need to report it
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