Elmer received the following distributions from virginiana mutual fund for the calendar year 2018:
col1 ordinary dividends $250
col2 capital gain distributions $170
col3 nontaxable distributions $80
elmer, elsie's husband, did not own any of the virginiana mutual fund shares, but he did receive $1,600 in interest on a savings account at the moss national bank. elmer and elsie filed a joint income tax return for 2018. what portion of the distributions from virginiana mutual fund is taxable as ordinary income on their 2018 individual income tax return?
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Elmer received the following distributions from virginiana mutual fund for the calendar year 2018: <...
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