In 2013, Mrs. Owens paid $50,000 for 3,000 shares of a mutual fund and elected to reinvest dividends in additional shares. In 2013 and 2014, she received Form 1099s reporting the following. If Mrs. Owens sells her 3,390 shares in 2015 for $22 per share, compute her recognized gain.

Question

In 2013, Mrs. Owens paid $50,000 for 3,000 shares of a mutual fund and elected to reinvest dividends in additional shares. In 2013 and 2014, she received Form 1099s reporting the following.  If Mrs. Owens sells her 3,390 shares in 2015 for $22 per share, compute her recognized gain.

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The Answer of In 2013, Mrs. Owens paid $50,000 for 3,000 shares of a mutual fund and elected to reinvest dividends in additional shares. In 2013 and 2014, she received Form 1099s reporting the following.  If Mrs. Owens sells her 3,390 shares in 2015 for $22 per share, compute her recognized gain.