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Non-Tech : Datek Brokerage $9.95 a trade
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To: Night Trader who wrote (16722)6/12/2003 10:24:46 AM
From: Bob Rudd  Read Replies (1) of 16892
 
Tax reporting will only get worse with complications from the new tax law like the change in cap gains treatment on transactions after May 6th. Here's a doozey: If dividend paying shares are lent out to shorts, the 'in lieu' payment of the dividend by the short to the owner doesn't qualify for the same favorable tax treatment that dividends paid by the company to the owner would have. I just sent an instruction not to lend shares that pay qualifying dividends.
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