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Re: Stock Dividend

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Posted by Mark on September 02, 2001 at 11:59:10:

In Reply to: Re: Stock Dividend posted by David on September 01, 2001 at 17:29:07:

: What price do I set for it?

: If, for example, I set the price as the closing price on the day of the distribution, it's going to look just like a regular reinvested dividend, i.e., taxable in the year I got it, which doesn't seem to be correct.

: Should I set the price as 0?

: Thanks again.
: David.


The rules on whether a stock dividend is taxable or not are a little
complicated, but should not affect how you record this. You should just
record this distribution with the correct price, and then based on
how the company reports this to you on a 1099-DIV you can then decide
whether it is appropriate or not to report on your income taxes.

I did a quick search on the subject, and found this site you might want to read:

Mark Beiley

Fund Manager, portfolio management software for Windows 95/98/ME/NT/00

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