At the beginning of the year, Calvin paid $5,000 for 60 shares of Eddington stock. In June, he received a $300 cash dist

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answerhappygod
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At the beginning of the year, Calvin paid $5,000 for 60 shares of Eddington stock. In June, he received a $300 cash dist

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At the beginning of the year, Calvin paid $5,000 for 60 shares
of Eddington stock. In June, he received a $300 cash distribution
with respect to the stock. His Form 1099-DIV reported that $170 was
an ordinary dividend and $130 was a nontaxable return of capital.
Compute Calvin's tax basis in his 60 shares at year-end
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