You have owned a stock say for 20 years and your broker has been reinvesting the dividends (DRIP),
So you have 20 years of quarterly dividends that were bought at various prices over the years.
You then sell said stock in it's entirety.
How does that look on your taxes? Do you have to make like 81 entries for the initial purchase, and each dividend purchase over the years with each cost basis?
Side question. Am I looking at this wrong when selling the stock? You are taxed on the dividend amount, and then taxed on the stock bought with the dividends? Sounds like double taxing.
Submitted August 13, 2024 at 08:19PM by jriker1 https://ift.tt/D38fQbS
