In november of the current year sapphire corporation

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In November of the current year, Sapphire Corporation declared a dividend of $2 per share (the shareholder record date is December 15). Assume that Sapphire has sufficient current E&P to cover the dividend payment. If Alexis purchases 500 shares of Sapphire stock on December 5 and sells the stock on December 25, how is she taxed on the $1000 dividend?

Reference no: EM13597398

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