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Myla receives a distribution of 100 when her basis is 400. She is informed that 30 of the distribution came from AAA and 70 of
Myla receives a distribution of 100 when her basis is 400. She is informed that 30 of the distribution came from AAA and 70 of it came from AEP. This distribution would have what effect to Myla? Entire distribution is treated as capital gain. 30 is tax free, 70 is capital gain. 30 is capital gain, 70 is tax free. 30 is taxable dividend, 70 is tax free. Entire distribution is treated as a taxable dividend. Entire distribution is tax-free. 30 is tax free, 70 is taxable dividend
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