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Re: Stock Dividend

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Posted by David on September 02, 2001 at 13:03:20:

In Reply to: Re: Stock Dividend posted by Mark on September 02, 2001 at 11:59:10:

: 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:


Thanks for the link. According to what they wrote, my stock dividend is indeed non-taxable. However, as you pointed out, it doesn't matter much. I'm only planning to use Fund Manager reports to transmit that information to my accountant which doesn't appear on the 1099. I just didn't think of that when I wrote. Neither the issuer nor the broker assigns a price to it, since I do receive it as stock, but the opening price for the payment date should be close enough for FM's calculations.

By the way, Mark, you may want to know that one of the reasons I bought Fund Manager when I already have a good free portfolio tracker is that with a little fiddling, FM seems to be able to prepare accountant-ready reports every yaar. Due to the quirks of MSN Investor, there's certain data every year which up to now it seems I've had to copy by hand!

Thanks again.

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