Income
Dividends and Corporate Distributions
Topic Activity
Your Next Client
Ryan received a capital gain distribution in the amount of $75 and dividend income in the amount of $150 from his mutual fund.
Which of the following is correct?
Ryan may report the gain on line 13 and the dividend on line 9 of
Form 1040
Ryan must report the dividend on
Schedule B
and the gain on
Schedule D
Ryan can report both amounts on
Form 1040
,
Schedule B
Ryan can use
Form 1040EZ
Click Exit to close this topic.
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