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Technology Stocks : Taiwan Semiconductor (NYSE: TSM)
TSM 302.84+1.4%Dec 26 9:30 AM EST
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To: JakeStraw who wrote (669)8/9/2004 3:48:47 PM
From: William Grady  Read Replies (1) of 684
 
God help anyone that tries to get through to the IRS during tax season. I finally got through to someone at the IRS with my question about how those extra shares of TSM stock, we got as part of the last stock dividend, would be reported. He basically told me it would be treated as a stock dividend reinvestment plan. Since I have never done and stock dividend reinvestments and have no stock dividend reinvestment plan, I'm still a little confused. He said to read section 17 page 70 for more help. I guess I'll just have to wait till the end of the year and see how that dividend is reported on my 1099. What really irritates me is that I like to make entries into MS Money every time I sell or buy a stock. What's still unclear to me is what will be my cost basis when I sell those 84 shares of stock that I received as part of my divdend. Man I really wish I had never bought this stock. Not only did I lose a lot of money but now I also have to go through paper work hell. I wonder if TSM realizes how much trouble they cause by the way they pay out their dividend. To make matters worse your stock drops about 16.6% on the Ex-dividend date but you have to wait another month before the shares they gave you appear in your account. And then the broker takes most of your cash dividend. I definitely don't want to be holding this stock the next time they pay a stock dividend. Do they do that once a year?
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