in 2020, mrs. owens paid $50,000 for 3,000 shares of a mutual fund and elected to reinvest year-end dividends in additional shares. in 2020 and 2021, she received form 1099s reporting the following. reinvested dividends shares purchased price per share total shares owned 2020 $ 4,800 240 $ 20 3,240 2021 $ 3,150 150 $ 21 3,390 if mrs. owens sells her 3,390 shares in early 2022 for $22 per share, compute her recognized gain.

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10-12-2022
Business

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in 2020, mrs. owens paid $50,000 for 3,000 shares of a mutual fund and elected to reinvest year-end dividends in additional shares. in 2020 and 2021, she received form 1099s reporting the following. reinvested dividends shares purchased price per share total shares owned 2020 $ 4,800 240 $ 20 3,240 2021 $ 3,150 150 $ 21 3,390 if mrs. owens sells her 3,390 shares in early 2022 for $22 per share, compute her recognized gain.

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akankshasharma92 akankshasharma92 · Answer 1 · 2022-12-18T08:23:18+01:00

Proceeds: 3390*22 = $74,580, Cost Basis: $50,000 + $4,800 + $3,150 = $57,950, Gain/Loss: $74,580 - $57,950 = $16,630. Mutual funds enable you to combine your cash with other investors to "mutually" purchase stocks, bonds, and other investments.

A pooled collection of assets known as a mutual fund invests in stocks, bonds, and other securities. When you purchase a mutual fund, you acquire a more diversified holding than you would with an individual security, and if you satisfy the minimum investment criteria, you can benefit from the ease of automatic investing. Income. The fund is obligated to pay out dividends and interest to its shareholders when the underlying security in which it invests pays them. Gains in capital. A fund generates money when it sells an underlying investment for more than it originally paid for it. The fund earns a "net capital gain" and is compelled to transfer that gain to its shareholders when its entire earnings surpass its total losses.

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