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Re: darkcicero post# 129

Saturday, 07/26/2014 9:59:30 PM

Saturday, July 26, 2014 9:59:30 PM

Post# of 186
I'll give an example.

You buy a one share of stock for $10.00

They declare a $1.00 divy and distribute

The stock drops $1.00


Your value is still $10.00 but now you have to report the $1.00 divy as income. In my case I'll pay at least 30% in taxes so I now have $9.70

Doesn't always work that way and sometimes the stock will drop more than the divy on XD date.

lawtell