Which of the following distributions is nontaxable? Dividend on an insurance policy in the amount of $1,000 (as of the date of this dividend your net premiums exceed the total dividends by $3,500). Your share of an ordinary dividend received by an S corporation in the amount of $25,000. Return of capital distribution from a utility company in the amount of $2,000 (you have a zero basis in this stock). Mutual fund distributions from its net realized long-term capital gains in the amount of $1.000 (you have adjusted basis of $10.000 in the mutual fund).