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Find investment transactions reportable

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Xia requested and received a letter from Jasmine, his personal financial advisor, outlining his 2016 investment transactions, this in readiness for preparing his 2016 tax return. In her letter Jasmine reminded Xia of the following transactions:

-Quarterly purchases of a previously unowned no-load mutual fund, XYZ international equity fund, of $2,500 each quarter, the unit prices being: March 15th $10.12/unit, June 15th $11.17/unit, September 15th $10.75/unit, and December 15th $8.19/unit.

-Sale of $6,000 of XYZ on December 30th at $11.95/unit

-On September 30th Xia received a mutual fund income distribution from his non-registered holding of TLC China Growth Fund of $1,896 consisting of $432 foreign dividends and $1,464 of capital gains. Assuming these are the only investment transactions reportable by Xia on his 2016 tax return, how much will he report as taxable capital gains?

  • $676.13
  • $1,243.13
  • $1,352.26
  • $2,486.26

Reference no: EM132815967

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