Reinvested dividends increase your cost basis. Including them has the potential to reduce your taxes. If the gross sale is within the 0% bracket for capital gains, there isn't going to be any actual tax savings.With 3000+ shares at a current price of >$50, the sale proceeds will exceed $150K. That's outside of the 25% tax bracket if you take the easy way out and assume $0 cost basis (ignoring other income and deductions/exemptions). It will definitely be worth your while to determine the correct cost basis for your shares.Ira
Best Of |
Favorites & Replies |
Start a New Board |
My Fool |
BATS data provided in real-time. NYSE, NASDAQ and NYSEMKT data delayed 15 minutes.
Real-Time prices provided by BATS. M