I didn’t think tax on unrealized gains went through.
It didn't. Dividend are income whether you reinvest them or not.
I didn’t think tax on unrealized gains went through.
It didn't. Dividend are income whether you reinvest them or not.
No kidding, you and everyone else lol, but are you? If no, you didn't lose half.If I were to pull everything out now I would be down half my original investment
Glass half full or empty I guessNo kidding, you and everyone else lol, but are you? If no, you didn't lose half.
I hear you Brad! I complain about insurance companies so much my wife asks me to shut up about it already lmao...Insurance companies are the worse Glenn. @Black Gold 380R You should see some of the stuff we're seeing them do after that last big hurricane. Don't even get me started on health insurance and their prices. That said, I pay a shit load in taxes during the year, and still have to stroke a check.
I thought if you re-invested the dividends you wouldn't be taxed on them.A dividend is realized upon issuance.
I thought if you re-invested the dividends you wouldn't be taxed on them.
Warren and Sanders continue to float the "wealth tax" idea where you pay a tax on unrealized gains each year - but if you have a loss in a year, well there is no rebate for the gains tax you paid the prior year. They have support of people like "the squad" and that ilk, but anyone with half a brain knows what a horrible idea it is. If it was implemented, every January the market would crater with the sell off to raise cash to pay the "wealth tax". But they have their followers who believe that "only the rich have stock". Wait, what did you do with the 401K, your IRA, where do you think that is invested. I've actually had some of those types tell me, "no I'm not invested in stock, I have everything in mutual funds" and don't understand that a mutual fund is simply a basket of stock that they purchased for their 401K or IRA.I’m very clear on both.
Someone above made it sound like they are paying taxes on unrealized gains.
I remember the biggest thief in the world, our Government, floated that idea.
I didn’t think they could or did push that through.
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You do get taxed. That is precisely my gripe.I thought if you re-invested the dividends you wouldn't be taxed on them.
If you took the dividends in cash and put it in a savings account, you pay the income tax on it. If you took it and bought stock in a different company, you pay income tax on it.You do get taxed. That is precisely my gripe.
For the same reason that someone can sell an investment property and take the proceeds and do a like-kind exchange(1031) for another property of identical or higher value and not owe any tax.If you took the dividends in cash and put it in a savings account, you pay the income tax on it. If you took it and bought stock in a different company, you pay income tax on it.
Why do you think that it isn't income when you use the dividends to buy more stock in that company? Dividend reinvestment simply means you don't take the cash and tell them, "buy me some more stock in the company with this income"
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Nope, doesn't work that way.
Shouldn’t taxed re-investments be put in a Roth if you plan on keeping them at least 5 years?
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