7 777 Mar 28, 2007 #1 If I incur 3,000 in realized loses in a year and receive 3,000 in stock dividends that year, is there any tax liability? I know realized losses cancel realized gains, but how about dividends?
If I incur 3,000 in realized loses in a year and receive 3,000 in stock dividends that year, is there any tax liability? I know realized losses cancel realized gains, but how about dividends?
R rimshaker Mar 28, 2007 #2 It all depends on how the numbers work out on your 1040. It may sound like it just evens out, but remember all these numbers are eventually factored into your adjusted gross income for the year.
It all depends on how the numbers work out on your 1040. It may sound like it just evens out, but remember all these numbers are eventually factored into your adjusted gross income for the year.
S Surdo Mar 28, 2007 #3 Quote from 777: If I incur 3,000 in realized loses in a year and receive 3,000 in stock dividends that year, is there any tax liability? I know realized losses cancel realized gains, but how about dividends? More... Your "Standard Deduction" should wipe out the Dividends, be a little creative, and you might even get a refund if you paid any State! $5,150 - single $10,300 - married el surdo
Quote from 777: If I incur 3,000 in realized loses in a year and receive 3,000 in stock dividends that year, is there any tax liability? I know realized losses cancel realized gains, but how about dividends? More... Your "Standard Deduction" should wipe out the Dividends, be a little creative, and you might even get a refund if you paid any State! $5,150 - single $10,300 - married el surdo
