lifeisgaming37
lifeisgaming37
05.07.2020 • 
Business

At the beginning of the year, Mr. Olsen paid $15 per share for 750 shares of Carmel common stock. He received cash distributions totaling $1,190. His Form 1099 reported that $830 was a qualified dividend and $360 was a nontaxable distribution. Compute his basis in his 750 shares at year-end.

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