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Enterprising Investor

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Re: tpg post# 3296

Thursday, 09/26/2019 10:54:44 AM

Thursday, September 26, 2019 10:54:44 AM

Post# of 3328
The dividend will reduce your tax basis since the payments represent a return of capital.

Once your basis is reduced to zero, you would have a capital gain.

https://www.investopedia.com/terms/r/returnofcapital.asp

"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International

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