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Post# of 89565
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Mack

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Mack

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Re: i_like_bb_stock post# 3570

Thursday, 05/03/2001 8:41:28 AM

Thursday, May 03, 2001 8:41:28 AM

Post# of 89565
If it is a "return of equity"

then you will have reduce your investment basis accordingly.

Thus you have 2 almost identical scenarios:

1) Dividend is taxable - Matching capital loss (to date)

2) Dividend is not taxable - No effective capital loss.

Therefore, no matter how you treat this, its a wash to you. I would just expect to get a 1099-DIV in January.

Mack

If somethings hard to do, then its not worth doing - Homer Simpson

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