BCE Blue chip growth stock Message Board

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Gold/Mining/Energy : BCE Blue chip growth stock

BCE 22.68

-0.8%

Nov 3 4:00 PM EST

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To: Czechsinthemail who wrote (205)	4/24/2000 5:47:00 PM
From: don pagach	Read Replies (1) of 275

Baird, The distribution is taxed as a dividend this year. However, your basis in the BCE shares stays as it was and the basis on your new NT shares is what the price is on the date of distribution. So lets say you bought 100 shares of BCE at $100 (US. You get 78 shares of NT valued approximately at $98 per share. You will pay taxes on $7,644 (78*$98) of dividend income. Your basis in the NT shares is $98. If the BCE shares drop by the amount of the dividend ($78) to $22 per share then you will be sitting on an unrecognized capital gains loss of $78 per share, since your basis in the BCE shares will still be the original $100 you paid. Remember there are limits on the amount of capital gains losses you can recognize in income each year. Best Wishes, DP

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