Thanks, great resource. Is there a tax benefit to DRIP? Is the div received still taxable even though it's being reinvested immediately?
Anybody else ride that biatch GNIN from $1.60-1.90 like I did this AM? She has been very, very, good to me.
BTW, out of MJNA at .315... will likely get back in soon.
SIRI starting to drop on some volume all of a sudden, got some cash, wait for it......
Another misconception about DRIPs is that they are not subject to tax because the investor is not receiving acash dividendper se.capital gains
In fact, while DRIPs are beneficial for their cost-effective approach to investing, they are still subject to tax. Because there was an actual cash dividend, although reinvested, it is considered to be income and thus taxable. And, as with any stock,from shares held in a DRIP are not calculated and taxed until the stock is finally sold, usually several years down the road. (For more, check out Capital Gains Tax 101.)
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