In 2014, Mrs. Owens paid $50,000 for 3,000 shares of a mutual fund and elected to reinvest year-end dividends in additional shares. In 2014 and 2015, she received Form 1099s reporting the following. $$\begin{array} { | c | c | c | c | c | }
\hline & \begin{array} { c }
\text { Reinverted } \
\text { dividendr }
\end{array} & \begin{array} { c }
\text { Sharer } \
\text { purhared }
\end{array} & \begin{array} { c }
\text { Pice per } \
\text { share }
\end{array} & \begin{array} { c }
\text { Totaluharer } \
\text { owned }
\end{array} \
\hline 2014 & \$ 4,800 & 240 & \$ 20 & 3,240 \
\hline 2015 & \$ 3,150 & 150 & \$ 21 & 3,390 \
\hline
\end{array}$$ If Mrs. Owens sells her 3,390 shares in 2016 for $22 per share, compute her recognized gain.

Question

In 2014, Mrs. Owens paid $50,000 for 3,000 shares of a mutual fund and elected to reinvest year-end dividends in additional shares. In 2014 and 2015, she received Form 1099s reporting the following. $$\begin{array} { | c | c | c | c | c | } 
\hline & \begin{array} { c } 
\text { Reinverted } \
\text { dividendr }
\end{array} & \begin{array} { c } 
\text { Sharer } \
\text { purhared }
\end{array} & \begin{array} { c } 
\text { Pice per } \
\text { share }
\end{array} & \begin{array} { c } 
\text { Totaluharer } \
\text { owned }
\end{array} \
\hline 2014 & \$ 4,800 & 240 & \$ 20 & 3,240 \
\hline 2015 & \$ 3,150 & 150 & \$ 21 & 3,390 \
\hline
\end{array}$$ If Mrs. Owens sells her 3,390 shares in 2016 for $22 per share, compute her recognized gain.

Quizplus · Accepted Answer

The Answer of In 2014, Mrs. Owens paid $50,000 for 3,000 shares of a mutual fund and elected to reinvest year-end dividends in additional shares. In 2014 and 2015, she received Form 1099s reporting the following. $$\begin{array} { | c | c | c | c | c | } 
\hline & \begin{array} { c } 
\text { Reinverted } \
\text { dividendr }
\end{array} & \begin{array} { c } 
\text { Sharer } \
\text { purhared }
\end{array} & \begin{array} { c } 
\text { Pice per } \
\text { share }
\end{array} & \begin{array} { c } 
\text { Totaluharer } \
\text { owned }
\end{array} \
\hline 2014 & \$ 4,800 & 240 & \$ 20 & 3,240 \
\hline 2015 & \$ 3,150 & 150 & \$ 21 & 3,390 \
\hline
\end{array}$$ If Mrs. Owens sells her 3,390 shares in 2016 for $22 per share, compute her recognized gain.

In 2014, Mrs If Mrs Owens Sells Her 3,390 Shares in 2016 for $22