Replies to post #4267 on Good Life China Corporation (GLCC)

[droll7]

I thought that I read somewhere that Bush proposed that we weren't to be taxed for dividends with the logic since a corp is already taxed that it would be like being taxed twice.

Or would we be taxed due to it being a special dividend?

All the dividends that I have gotten to this date have read:

TAX EXEMPT DIVIDEND/SPINOFF OF

[TheBigLab]

I am not certain about that. Have to call my tax guy soon. My guess is that the cost basis of the GLCC shares will be equal to the fair market value of GLCC shares when they are recieved. In that case I hope that GLCC is trading deep into the sub-penny zone. But, the value of .70 may be the final word on its value when its received.

[crazy horse 0]

REED198 my understanding not till

you sell, there is no gain or loss if you do not sell. When you sell it is the same as any other stock either short or long term.