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Ronnie owns 600 shares of a stock mutual fund. This year he received dividend distributions of 60 stock mutual fund shares($40 per share) and long-term
Ronnie owns 600 shares of a stock mutual fund. This year he received dividend distributions of 60 stock mutual fund shares($40 per share) and long-term capital gain distributions of 45 stock mutual fund shares (also $40 per share). What are the tax consequences of Ronnie's stock mutual fund ownership if he is in a 25% marginal tax bracket?
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