Respuesta :
The cash distribution received by Mr. and Mrs. Golding from PTJ mutual fund may be a capital gain distribution or qualified dividend distribution or may be ordinary income. Thus, none of the statements are false.
What is a mutual fund?
In order to invest in securities such as stocks, bonds, money market instruments, and other assets, mutual funds aggregate the funds from shareholders. Professional money managers run mutual funds, allocating the assets and attempting to generate capital gains or income for the fund's investors.
The cash distribution by a mutual fund can be a capital gain distribution that is a cash payment made by a mutual fund to fund owners. If a mutual fund holds a capital asset for more than one year and then sells it, the fund usually passes on the profit to us as a capital gains distribution.
The cash distribution can also be a regular dividend distribution or a ordinary income distribution by the mutual fund.
Therefore, none of the statements in the options are false.
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