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Rena purchased 200 shares of an equity mutual fund. During the year she received $4 per share in dividend distributions, $2 in capital gain distributions,

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Rena purchased 200 shares of an equity mutual fund. During the year she received $4 per share in dividend distributions, $2 in capital gain distributions, and capital gains of $1,200 when she sold the stock after owning it eight months. What are the tax consequences of Rena's ownership of this equity fund? Rena is in a 26% marginal tax bracket. The federal tax consequences of Rena's ownership of this stock fund are $. (Round to the nearest cent.) Rena purchased 200 shares of an equity mutual fund. During the year she received $4 per share in dividend distributions, $2 in capital gain distributions, and capital gains of $1,200 when she sold the stock after owning it eight months. What are the tax consequences of Rena's ownership of this equity fund? Rena is in a 26% marginal tax bracket. The federal tax consequences of Rena's ownership of this stock fund are $. (Round to the nearest cent.)

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