I've been investing seriously for over 20 years and must admit this was a new one on me. MSD Stock went ex-dividend in December, but because of the size of dividend IRS regs specified actual ex div to occur some thirty days later. Between Dec and January stock traded with "dividend due clause". What does this mean if you sold after first ex date and before second ex date? Means stock price does not drop on first ex date and you get the dividend. Too good to be true. No, I just received notification from US Clearing, March 18 to forward dividends received in January. I am not disputing that mathmatically this all works out fairly. You can't expect to sell a stock after it goes ex and get both the dividend and the PRE ex div price. My question is for any tax experts out there. How is this treated? Again I sold in Dec after original ex date, received pre ex stock price and dividend. I am now required to surrender these dividends received.Thanks in advance
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