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Burruss Writer

Joined: 10/02/2002 Posts: 5319
Likes: 890

What's this?

That just made my head hurt


But makes sense now. If I may

The dividends are treated as income as they are gains realized directly from ownership of the stock. Even though I directly re-invest them into the portfolio, it's free money in the year gained that needs taxes paid on it.

Think I've got it now. Just a PITA every year that it soaks up what little refund I might get each year since they are not taxing out the taxes on it.

Oh, and thanks! Feel free to send me a bill for the hours worked on that...
[Post edited by Burruss Writer at 05/13/2021 10:33AM]

(In response to this post by Hokie CPA)

Posted: 05/13/2021 at 10:32AM


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Current Thread:
 
  Tax question. 1099-DIV and 1099-INT -- Burruss Writer 05/12/2021 11:15PM
  Simple answer: absolutely! -- EDGEMAN 05/13/2021 09:27AM
  If you receive a 1099, it's taxable. The IRS compares your reported -- Hokie CPA 05/13/2021 08:54AM
  That just made my head hurt -- Burruss Writer 05/13/2021 10:32AM
  Mutual fund capital gains can occur without distributions -- GreenvilleVT 05/13/2021 05:52AM
  ^^^ This ** -- HokieForever 05/13/2021 07:46AM

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