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Posted by Benjamin Yazersky CPA on March 7, 2007, 5:08 am
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> I would appreciate any information on the following
> situation. I have owned shares of a company for 10 years.
> In the past 5 years, the company has paid quarterly
> dividends, along with a special yearly dividend of company
> stock. My question is: I have sold all shares, and would
> like to know how to incorporate the special dividend when I
> figure out the capital gain on this stock.
Not exactly sure what you are referring to as a special
dividend. I'll speculate that it may be a stock dividend.
That is a dividend only paid in shares of stock. If that is
the case, you have to adjust your basis accordingly.
Your CPA/tax advisor should be able to help you with these
calcualtions.
___________________________________
<<< Benjamin Yazersky, CPA [NJ & NY] >>>
-----> real address on hobokeni or hobokenx <-----
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