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Business, 22.04.2020 02:41 awesomegrill

Mr. and Mrs. Able are investors in a mutual fund that is not part of a qualified retirement plan. For the current year, the fund notified them that it had allocated a $9,500 long-term capital gain to their account. Of this total, only $4,500 was distributed in the current year. In addition, the fund paid $500 in federal income taxes on their behalf. What is the amount of long-term capital gain that the Ables should report on their current-year tax return?

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Mr. and Mrs. Able are investors in a mutual fund that is not part of a qualified retirement plan. Fo...
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