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-   -   Stock Divident (https://www.askmehelpdesk.com/showthread.php?t=821990)

  • Feb 21, 2016, 10:15 AM
    jambrosio
    Stock Divident
    Recently received dividend on company stock given to me about 14 years ago. Is there anything I can do to minimize the taxes that I would have to pay on the money?
  • Feb 21, 2016, 10:55 AM
    AtlantaTaxExpert
    Not at this point in time.

    HOW MUCH was the dividend, and what is your overall income?
  • Feb 21, 2016, 12:14 PM
    ma0641
    It is considered unearned income, you benefit from it. Taxes are due unless you would be below the taxable income limit after deductions and exemptions.
  • Feb 22, 2016, 06:55 AM
    ebaines
    The good news is that the tax rate on qualified dividends is lower than the tax rate on other types of ordinary income (such as wages). Depending on your tax bracket the rate on qualified dividends is either 0%, 15%, or 20%.

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