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Tax Consequences.Rena purchased 200 shares of a no-load stock mutual fund. During the year she received $4.23 per share in dividend distributions, $216 in long-term
Tax Consequences.Rena purchased
200
shares of a no-load stock mutual fund. During the year she received
$4.23
per share in dividend distributions,
$216
in long-term capital gain distributions, and capital gains of
$913
when she sold the stock after owning it eight months. What are the tax consequences of Rena's ownership of this stock fund? Rena is in a
22%
marginal tax bracket.
Part 2
The tax consequences of Rena's ownership of this stock fund are
$enter your response here.
(Round to the nearest cent.)
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