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Author Question: Candice owns a mutual fund that reinvests her dividends and capital gains earned during the year. ... (Read 38 times)

urbanoutfitters

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Candice owns a mutual fund that reinvests her dividends and capital gains earned during the year. The mutual fund reported to her that her share of earnings was: $500 in dividends, $1,500 in short-term net capital gains, and $1,300 in long-term net capital gains. She reported the items on her tax return and paid the appropriate tax on these earnings. If her basis in the fund was $25,000 at the beginning of the year, what is her basis at the end of the year?
◦ $25,000
◦ $25,500
◦ $27,000
◦ $28,300


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Marked as best answer by urbanoutfitters on Sep 13, 2020

chevyboi1976

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urbanoutfitters

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review


flexer1n1

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Reply 3 on: Yesterday
Excellent

 

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