Ask Experts Questions for FREE Help !
Ask
    jambrosio's Avatar
    jambrosio Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Feb 21, 2016, 10:15 AM
    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?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Feb 21, 2016, 10:55 AM
    Not at this point in time.

    HOW MUCH was the dividend, and what is your overall income?
    ma0641's Avatar
    ma0641 Posts: 15,675, Reputation: 1012
    Uber Member
    		  
    #3

    Feb 21, 2016, 12:14 PM
    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.
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
    Expert
    		  
    #4

    Feb 22, 2016, 06:55 AM
    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%.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Divident allocation between classes of shareholders [ 0 Answers ]

Stockholders equity of STIX company consists of 75,000 shares of $5 par value, 8% cumulative preffered stock and 200,000 shares of $1 par valie common stock. Both classes of stock have been outstanding since the company inception. STIX did not declare any dividends in the prior year, but it now...

How to calculate divident payout ratio [ 0 Answers ]

How do you calculate divident payout ratio using residual divident policy with the info below? Ex: management estimated 2011 earnings and capital spending would be $175k and $250k respectively. The firm maintains a debt to equity ratio of 0.5 and there was 1.5million shares outstanding

The moonless corporation has just paid a divident of Rs. 3 per share. The divident of [ 4 Answers ]

The moonless corporation has just paid a divident of Rs. 3 per share. The divident of this company grows at a steady rate of 8% per year. Based on this information, what will be the divident in 5 years

DIVIDENT POLICY: what is stock divident, stock split n stock repurchase? [ 4 Answers ]

DIVIDENT POLICY: What is stock divident, stock split n stock repurchase?? Send it with appropriate notes

View more questions Search