Naomi received a form 1099-DIV reporting $104 in dividends for 2016. She had previously elected to have these dividends reinvested. Which of the following statement regarding the reinvested dividends is true? The dividends are not taxable until the stock is sold. The dividends are not taxable in 2016, but they increase her basis in the stock. The dividends are taxable on her 2016 return and increase her basis in the stock. None of these statements are true.