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Thanks for that insight, ira, but aside from the depletion issue FDG is selling at about 39 and it didn't ever sell at more than 39 (split adjusted) prior to September 05. So if OP held it longer than about 45 days he has a gain. He may be confused by the fact that it split.

Very true. I hadn't looked at the stock's price history - I assumed that the OP knew whether the stock price was more or less than he originally paid for it, including the effect of splits. It's the other less common basis adjustments (such as dividend reinvestment, return of capital, depletion in natural resource trusts, etc.) that often trip people up.



Ed and Ira - thank you for the thoughtful addendums. The fact that if I own in the Roth I cannot take the foreign tax credit for the 15% of the divy withheld by the cannucks really sucks and may change my strategy. I understand the effect of splits, etc on basis except for one item you mentioned: "depletion in natural resource trusts".

Could you elaborate on what this is all about and how it may be differentiated on the statements I receive.

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