RE:RE:RE:RE:.40 dividendrighand2 wrote:
Are you so stupid that you think this is a "dividend"? All they are doing is giving you your own money. The share price will fall by the same amount, so you gain nothing. I am always amazed at how little most posters on this site know about investing. Simply amazing stupidity.
Righand, Apparenty it makes you feel good to self proclaim yourself as the smartest guy on stockhouse and everyone is stupid but you, so have at it.
I am in the States, I have received these before, they show up for tax purposes on a 1099-
DIV. Hint the DIV stands for Dividend. MY CPA refers to a payment like this as a dividend since it shows up on the IRS form for reporting dividends. However, you are correct, technically it is not a dividend, it is better than a dividend in the fact that
NO Capital Gains taxes are due unless it exceeds your basis.