Tax Consequences of DRIPs
Information on tax treatment of DRIPs (dividend reinvestment plans)
http://www.dripwizard.com/dripinfo_tax.asp
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Excerpt:
... Until the release of DRIP Wizard, there were only two reasons that an individual investor should not invest in DRIPs. First, there was the difficulty in calculating the value and yield of your investments. Second, the file keeping required to properly treat the tax consequences of DRIPs was too much to do by hand.
But DRIP Wizard does all of the work. When you run the program, simply press the Tax Summary Button, enter the Start Date and End Date, then Press G...
But DRIP Wizard does all of the work. When you run the program, simply press the Tax Summary Button, enter the Start Date and End Date, then Press G...