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Author: wepattillo One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 120805  
Subject: Re: I have no clue Date: 2/26/2000 9:05 AM
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ebo66 wrote: I am in an investment club and we just got our tax stuff. I got a K-1 that showed my percentage of ownership and a copy of my share of dividends, st cpital gains and lt capital gains. If my dividends are reinvested, do I still have to claim them on my taxes?

pmarti responded: Yes, just the same as if you were receiving them in your own taxable account.

To which I add: Be sure to keep good records of these reimvested dividends so that you will know your tax basis when you sell these shares.
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