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SevenTenEleven

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SevenTenEleven

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Re: tgarfield post# 195440

Friday, 02/24/2012 9:51:02 AM

Friday, February 24, 2012 9:51:02 AM

Post# of 221992
If your shares are lent out it and you receive a dividend it is nto a dividend for tax purposes. It can't be. If so the tax man would have more dividend claims than actually existed. You receive interest income. - tgarfield

Sorry!

Will be taxed as dividend. Not interest income.

In fact, shareholders whose shares are borrowed should be earning interest on their shares being borrowed.

That would be a game changer for Shorty for sure!

Good Luck!

Please research all stocks before investing. My posts are my opinions and are not buy or sell recommendations. Always force abusive short sellers to cover above what you paid. Build wealth for fellow iHub'ers!

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