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URL:  http://boards.fool.com/how-many-dividend-paying-ideas-are-you-talking-30640025.aspx

Subject:  Re: New account - strategy for taxes? Date:  4/17/2013  3:10 PM
Author:  Hohum777 Number:  118462 of 123001

How many dividend-paying ideas are you talking about?

If you are talking about less-than-10 names, your fears about it being complicated are overblown.
Three tools that can help

1. Start a spreadsheet.
One can make it fancy or complicated if one wants. I had eight columns to start but six
columns is all one really needs.
Purchase date, # of shares purchased, Cost, Sales date, # of shares sold, Sales. The "stocks"
that caused me to choose the spreadsheet solution were Canadian Royalty trusts (Canroys), many
of which paid their distributions on a monthly basis. One doesn't even have to update the
spreadsheet on a monthly basi