RE:RE:RE:RE:Special Dividend received March 8, 2024rabnud wrote: also you could sell off the amount of shares u recived pay the tax and keep the cash as its all free money
nedstar71 wrote: So basically I have $5 per share in taxable capital gains on this for 2023 and they gave me 48 cents to help cover the taxes.
Even taxed at half the rate I'll owe another 20 or 30 cents a share. Not a big fan of this manoeuvre in a year where I already booked high capital gains an income. I could stomach it more if the stock price wasn't weak.
No, you get no shares, just the 48 cents per share, the tax bill, and the advantageous (higher) cost base.