In 2010, Mrs. Owens paid $50,000 for 3,000 shares of a mutual fund and elected to reinvest dividends in additional shares. In 2010 and 2011, she received Form 1099s reporting the following. If Mrs. Owens sells 1,000 shares in 2012 for $22 per share and uses the average basis method, compute her recognized gain.

Question

In 2010, Mrs. Owens paid $50,000 for 3,000 shares of a mutual fund and elected to reinvest dividends in additional shares. In 2010 and 2011, she received Form 1099s reporting the following.  If Mrs. Owens sells 1,000 shares in 2012 for $22 per share and uses the average basis method, compute her recognized gain.

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The Answer of In 2010, Mrs. Owens paid $50,000 for 3,000 shares of a mutual fund and elected to reinvest dividends in additional shares. In 2010 and 2011, she received Form 1099s reporting the following.  If Mrs. Owens sells 1,000 shares in 2012 for $22 per share and uses the average basis method, compute her recognized gain.