Income Taxes and Record Keeping ( tax ) Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Income Taxes and Record Keeping ( tax )

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Colin Cody who wrote (703)	3/7/1998 10:24:00 AM
From: Terry Lyon	Read Replies (1) of 5810

Hi Colin, I own a few shares of TNH a partnership fertilizer company. When I bought I really had no idea that the tax forms would get so complex or that I would lack understanding as mathematics was my minor in Grad school. The company provided a graphic flow sheet which provides a data sheet and an analysis sheet and indicates that 7 tax forms should be filed. My first question is can I just report the income as a dividend and neglect the rest as I presume they include tax writeoffs? My second question is if I can just report the income as a dividend what kind of a percentage might I be losing because I didn't file all the forms? Finally maybe I am way "off-base" and I need other guidance. Any suggestions? Thanks in advance. I've scratched a hole in my head clear to my brain on this one. Whew! Terry

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next