curiousgeorge
Junior Member
Joined: Feb 22, 2011 22:11:06 GMT -5
Posts: 131
|
Post by curiousgeorge on Mar 27, 2015 11:41:10 GMT -5
An item on 1099-Div is 'Non-dividend distribution'. Is it taxable?
Thanks.
|
|
taxref
Junior Member
Joined: Dec 31, 2010 11:09:13 GMT -5
Posts: 220
|
Post by taxref on Mar 27, 2015 15:17:57 GMT -5
Non-dividend distributions are usually not taxable, but they can be.
One needs to keep track of each year's total non-dividend distributions. The amounts reduce your basis in the underlying securities.
If ones basis is reduced to zero by the non-dividend distribution, then any further non-dividend distributions become taxable.
|
|
curiousgeorge
Junior Member
Joined: Feb 22, 2011 22:11:06 GMT -5
Posts: 131
|
Post by curiousgeorge on Mar 27, 2015 19:21:28 GMT -5
Taxref, Many thanks!!!  |
|
