No. of Recommendations: 0
I'm new to the Fool and have ben following the Drip boards, planning my foray into the stock market.:)

However, the last few posts have started me thinking about the tax consequences of Drip programs. Duh...

How hard are the tax forms when it comes to Drips. I've prided myself on doing my own taxes up until now (foolish or Foolish?) but I'm not real familiar with filing when it comes to taxable investments.

I assume that any dividends that are reinvested are considered income, as would be any fees which are paid by the company rather than you. Is this correct? If so, then that doeswn't seem to be too bad.

How does Quicken (esp. Q99) handle Drips? Failry easy to enter shares, dividends and fees?

Any comments are appreciated.

Print the post  


What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.