DCTC - DCI Telecommunications Message Board

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Microcap & Penny Stocks : DCTC - DCI Telecommunications

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To: Sun Tan who wrote (4453)	2/10/1998 8:32:00 PM
From: george eberting	Read Replies (2) of 4489

Some of you guys try my patience sometimes. My question was a hypothetical one: Does a company have to pay taxes on shares it receives from another company if those shares are subsequently distributed as a dividend? Presumably they are not. Also, presumably, the receipt of such shares would not constitute a taxable event to the recipients until sold by those recipients. Under those circumstances I would guess that the shares could be held for a sufficient period of time and thus be treated as capital gains. Right or wrong? If you aren't an accountant with specific knowledge, let it go, all right? (Please). George E.

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