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SVTPerformance's Chain of Restaurants
Road Side Pub
Just did my taxes....
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<blockquote data-quote="JimCSHO" data-source="post: 16880095" data-attributes="member: 183032"><p>A dividend is income, not a gain. </p><p></p><p>So you get a dividend it doesn't matter what you did with it i.e. reinvested it. You still received that income and could have done anything you wanted with it. So yes, the reinvested dividend is income that you get taxed on. </p><p></p><p>You are mixing up income (dividend) with capital gain (growth in value). You don't pay tax on capital gains until they are realized - i.e. you sell the asset for more than your cost basis.</p></blockquote><p></p>
[QUOTE="JimCSHO, post: 16880095, member: 183032"] A dividend is income, not a gain. So you get a dividend it doesn't matter what you did with it i.e. reinvested it. You still received that income and could have done anything you wanted with it. So yes, the reinvested dividend is income that you get taxed on. You are mixing up income (dividend) with capital gain (growth in value). You don't pay tax on capital gains until they are realized - i.e. you sell the asset for more than your cost basis. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Just did my taxes....
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