Re: Taxes on dividends just file amended return

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Wings05

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Re: Taxes on dividends just file amended return

in response to

Taxes on dividends

mark78

posted on Dec 21, 2007 08:20AM

that reduces your income by the amount of dividens received upto the cost basis going down to zero

IF you paid 4 cents and got six cents back then 2 cents is taxable and your cost basis is 0 for cap gains

If you paid 20 cents then your basis becomes 14 cents and nothing is taxable

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