Tax question

Discussion in 'Taxes and Accounting' started by 777, Mar 28, 2007.

  1. 777

    777

    If I incur 3,000 in realized loses in a year and receive 3,000 in stock dividends that year, is there any tax liability?

    I know realized losses cancel realized gains, but how about dividends?
     
  2. It all depends on how the numbers work out on your 1040. It may sound like it just evens out, but remember all these numbers are eventually factored into your adjusted gross income for the year.
     
  3. Surdo

    Surdo

    Your "Standard Deduction" should wipe out the Dividends, be a little creative, and you might even get a refund if you paid any State!

    $5,150 - single
    $10,300 - married

    el surdo