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jbones001

11/03/06 1:17 PM

#21224 RE: chklingon #21222

the company will state the tax implications of the stock dividend and how to adjust your cost basis... we just need to wait till they post the information...
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sojourner

11/03/06 1:40 PM

#21237 RE: chklingon #21222

chk: False. In USA, you pay cap gains taxes on "realized" unearned income re: stock sales. In this case, you would only pay taxes on a gain when you SELL the stock dividend. Until that gain is "realized," there are no taxes levied. I think Canada may treat a stock dividend differently. Please check facts before broadcasting errant info.