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Microcap & Penny Stocks : MECHANICAL TECHNOLOGY (MKTY) -- Ignore unavailable to you. Want to Upgrade?

To: Sr K who wrote (500)1/11/2000 7:56:00 AM
From: Fisherman1  Read Replies (1) | Respond to of 542
 
I believe but am NOT a tax advisor or maven that when a company spins off or dividends out a sub which it has invested in it IS THE SAME AS A STOCK DIVIDEND and until sold has no tax effect but is part of the basis of the purchase. Most companies apply for a ruling at the time of the stock spin / dividend.


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