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Gold/Mining/Energy : Arconenergy, Inc. (Long Term Investors and Fundamentals) -- Ignore unavailable to you. Want to Upgrade?


To: Ga Bard who wrote (1630)5/18/1998 7:23:00 PM
From: Vinnie  Read Replies (1) | Respond to of 1757
 
>>There is no basis it is free shares that when you sell you have no reduction. You owe the full tax depending on how long held.

You might want to check out the site Kurt provided, because it states that the total basis remains the same, you just spread it out over the original shares + the dividend shares:

fairmark.com

Vinnie