American International Industries Inc. OTC BB Symbol EDII Message Board

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Microcap & Penny Stocks : American International Industries Inc. OTC BB Symbol EDII

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To: BigDaddyMac who wrote (1499)	7/23/1998 4:46:00 AM
From: EL KABONG!!!	Read Replies (2) of 4814

Mitchell, * Tax Question * I believe that somewhere back in this thread I read that EDII will be issuing stock as a dividend to current shareholders. I forget the exact amount or percentage. My question is, for income tax purposes, how does one value the stock received as a dividend? Dividends are taxed at ordinary income rates, so would you take the value of the stock on the date of issue times the number of shares and the result is the taxable amount? If you hold onto the stock and it appreciates (or depreciates) the additional gain (loss) is capital gains (losses), and would that be taxed separately at the eventual time of sale? Just curious about the tax situation as I've never had a company give me more stock as a bonus. I'm sure it's been done before somewhere, but I've just never seen it before. Thanks. KJC

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