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#3
12-29-2006, 12:15 AM
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 Re: Dividends I Paid Out On A Stock That I Have Sold Short "Rich Carreiro" <rlcarr[at]animato.arlington.ma.us> wrote: - quote - > "Bruce E. Cobern" <bec[at]pipeline.com> writes:
Does the 45 days mean the total time the position is open,> > "D.D. Pallmer" <ddpalmer[at]hotmail.com> wrote: > > > How do I report dividends that I paid out on a stock that I > > > have sold short? > > I am reasonably certain that "short dividends" are reported > > as investment interest expense. > According to IRS Pub 550: > * If the short position is open for more than 45 days, you > deduct the "short dividend" as investment interest on > Sched A. > * If the position is open for 45 days or less, you > have to increase your basis in the short position > by the amount of the "short dividend". You can't > deduct it. or does the 45 days mean the from the time I went short until the time the dividend was paid out by me? << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#2
12-28-2006, 04:07 AM
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| Re: Dividends I Paid Out On A Stock That I Have Sold Short "Bruce E. Cobern" <bec[at]pipeline.com> writes: - quote - > "D.D. Pallmer" <ddpalmer[at]hotmail.com> wrote:
According to IRS Pub 550:> > How do I report dividends that I paid out on a stock that I > > have sold short? > I am reasonably certain that "short dividends" are reported > as investment interest expense. * If the short position is open for more than 45 days, you deduct the "short dividend" as investment interest on Sched A. * If the position is open for 45 days or less, you have to increase your basis in the short position by the amount of the "short dividend". You can't deduct it. -- Rich Carreiro rlcarr[at]animato.arlington.ma.us << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#1
12-25-2006, 02:13 PM
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| Re: Dividends I Paid Out On A Stock That I Have Sold Short "D.D. Pallmer" <ddpalmer[at]hotmail.com> wrote: - quote - > How do I report dividends that I paid out on a stock that I
Depending on the details, as investment interest or added> have sold short? basis when you cover the short. See "payments in lieu of dividends" in IRS Pub 550. -- Phil Marti Clarksburg, MD << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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12-25-2006, 02:13 PM
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| Re: Dividends I Paid Out On A Stock That I Have Sold Short "D.D. Pallmer" <ddpalmer[at]hotmail.com> wrote: - quote - > How do I report dividends that I paid out on a stock that I
I am reasonably certain that "short dividends" are reported> have sold short? as investment interest expense. -- Bruce E. Cobern, CPA mailto:bec[at]pipeline.com << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
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#-1
12-23-2006, 05:27 AM
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| Dividends I Paid Out On A Stock That I Have Sold Short How do I report dividends that I paid out on a stock that I have sold short? << ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== > |
| Tags |
| dividends, paid, short, sold, stock |
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