Author Question: Candice owns a mutual fund that reinvests her dividends and capital gains earned during the year. ... (Read 71 times)

urbanoutfitters · **on:** Sep 13, 2020

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

chevyboi1976 · **Reply #1 on:** Sep 13, 2020

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