Mr. and Mrs. Golding own 13,850 shares in PTJ mutual fund. This year, they received a $6,390 cash distribution from PTJ. Which of the following statements is false?
A) Some or all of the distribution may be a capital gain distribution.
B) Some or all of the distribution may be a qualified dividend.
C) Some or all of the distribution may be ordinary income.
D) None of these statements are false.
Correct Answer:
Verified
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