1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
trapecia [35]
3 years ago
10

Sylvia bought stock in 2007 for $100. In 2010, she received a non-dividend distribution of $80. She did not include this amount

in her income, but she reduced the basis of her stock to $20. She received a non-dividend distribution of $30 in 2020. What amount must Sylvia report as a long-term capital gain for 2020?
Law
1 answer:
Anna71 [15]3 years ago
8 0

Sylvia's long-term capital gain for 2019 is $10

Non-dividend distribution is one which reduces the basis of one's stock

Non-dividend distribution is not taxed until your basis in the stock is fully recovered.

Now, Silvia basis in the stock is fully recovered. Hence, the remaining amount will be is taxed as long-term capital gain.

Remaining amount = $30 - $20

Remaining amount = $10

In conclusion, Sylvia's long-term capital gain for 2019 is $10.

Read more about capital gain

<em>brainly.com/question/9144560</em>

You might be interested in
Identify, discuss, and resolve the conflict between the right to free speech and the government’s regulation of the practice of
vfiekz [6]
The freedom of speech and of the press, and the right of the people peaceably to assemble and consult for their common good, and to apply to the government for redress of grievances, shall not be infringed

In the United States, freedom of speech and expression is strongly protected from government restrictions by the First Amendment to the United States Constitution, many state constitutions, and state and federal laws.
5 0
3 years ago
Which describes a campaign?
Otrada [13]
A campaign is any series of actions or events that are meant to achieve a particular result, like an advertising campaign of television commercial’s and internet ads that tries to convince kids to buy bubble gum-flavored toothpaste
8 0
3 years ago
How much should intent matter in determining the seriousness of a crime? Should an attempted larceny carry a shorter sentence th
Nadusha1986 [10]

Answer:

its an murder to kill your mother

4 0
2 years ago
Read 2 more answers
How did the supreme court ruling in 1954 impact segregation in america?
viktelen [127]

Answer:

Board of Education of Topeka, case in which, on May 17, 1954, the U.S. Supreme Court ruled unanimously (9–0) that racial segregation in public schools violated the Fourteenth Amendment to the Constitution, which prohibits the states from denying equal protection of the laws to any person within their jurisdictions.

Explanation:

8 0
3 years ago
DON'T ANSWER THIS! I JSUT WANT TO GET RID OF MY POINTS!
stepladder [879]

Answer:

oh, ok

Explanation:

well, I'll gladly take the points! ;)

3 0
3 years ago
Read 2 more answers
Other questions:
  • The most dangerous time to be on the road is between
    6·1 answer
  • Alice and Bertie are the beneficiaries of a trust established for them by their father, Chester.
    10·1 answer
  • A large online credit card hack involving multiple financial institutions resulted in the loss of billions of dollars. Which typ
    7·2 answers
  • The diagram below shows steps in a civil case in Florida.
    8·2 answers
  • What are the three federal courts that<br> citizens can use to defend themselves.
    12·1 answer
  • If you think anything from your vehicle Check just could affect your safety or ability to control your car , you should
    15·1 answer
  • 1. Why does the U.S. have a representative government?
    10·1 answer
  • if i asked a question its to help me, or help others so.. BRAINLY. WHY. DO. YOU. KEEP. DELETING. ALL. OF. MY. QUESTIONS.
    13·2 answers
  • How to understand animal crossing language?
    8·1 answer
  • The process of forensic science in criminal justice begins when evidence is found at a crime scene by a _____________.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!