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If your shares were lent to a short seller, any payments in lieu of dividends you received are taxable. And what is even worse is that they are not qualified dividends for purposes of the reduced tax rate on dividends.
If you are the borrower, any payments you made to the lender are an itemized deduction if you held the short position for 46 or more days. They are an addition to your basis if you held it for 45 days or less.
What else can I help you with?
Are IRA dividends taxable?
Not until you take them out of the IRA.
Are dividends on stocks in a Roth IRA taxable?
No. Dividends in a Roth IRA account are not subject to income tax.
Do you have to report dividends on your taxes?
Yes, dividends are typically considered taxable income and must be reported on your tax return.
For investing in shares do you need a tax return file?
No, the buying of stock in itself does not cause any taxable event. The selling would. Also, if the stock pays any dividends, the dividends could be taxable.
What are dividends in tax refund?
Most dividends are taxable income, just follow the info on the 1099 that comes with them. (Most of them are taxed undert the lower capital gain rate).
Is preferred stock dividends tax deductible?
No, preferred stock dividends are not tax deductible for the issuing corporation. Unlike interest payments on debt, which can be deducted from taxable income, dividends paid to preferred stockholders are considered a distribution of profits and are not deductible. This means that the corporation pays taxes on its earnings before distributing dividends to preferred stockholders.
Whole Life Policies--Are Dividends used toincrease insurance amount taxable?
You are talking about Paid up additions. No they are not. Proceeds in cash value are not taxable as long as the cash value does not exceed the amount of premiums paid.
What are dividends?
an order of payment (such as a check payable to a shareholder) in which a dividend is paid
Are interest and dividends considered income?
Yes, both interest and dividends are considered forms of income. Interest is the payment received for the use of money, typically from savings accounts or bonds, while dividends are distributions of a company's earnings to its shareholders. Both are generally taxable and must be reported on income tax returns.
Are postmortem life insurance dividends taxable?
No, Death claim proceeds are tax free including Dividend. If there is any interest paid on death claim proceed due to delay in death claim settlement, then paid interest can be taxable.
Is short-term disability for maternity leave taxable?
Short-term disability benefits for maternity leave are typically taxable if the premiums were paid with pre-tax dollars.
Is short term disability income taxable?
The taxable status of short term disability depends upon how you pay the premium. If you pay for short term disability at work via pre-tax deductions, the benefit will be taxable. If you pay with after tax deductions, you keep the entire benefit free of any taxes.
