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Rena purchased 300 shares of an equity mutual fund. During the year she received $5 per share in dividend distributions, $4 in capital gain distributions,
Rena purchased 300 shares of an equity mutual fund. During the year she received $5 per share in dividend distributions, $4 in capital gain distributions, and capital gains of $1100 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. P.S. Question for Canada
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