I have a question on taxes. On the CDVJ thread, somebody said you are taxed on the value of the stock when you received it as a dividend ex. CSJJ. Say it's worth $1000 and is resticted for a year, in one year it is worth $500 and you sell it, you pay taxes on the $1000. Is this because you recieved the dividends for free??? That doesn't make sense. I thought you were taxed on your profit. Buy for $1000 and sell for $2000 you have have $1000 profit you pay around 25-30%. Could somebody give me an explanation? Thanks Greenhorn
Posted by Machiavelli on :
this site might help answer your tax questions.... http://www.fairmark.com/ Posted by greenhorn on :
Thanks Mach!! I bookmarked that one, has a a lot good info! Greenhorn
Posted by Machiavelli on :
Your welcome Greenhorn.. anytime you have a question dont hesitate to ask.. me and the others will try to answer as best we can...