I do my taxes in Canada and it always #$%$ me off when I have to pay tax on my div. It really seems unfair ,You buy a stock with a good div. then they take a tax before your Candian taxes. Babylon system? At some point you need a
tax professional,that said . There was an idependant study done on the accuracy of filied returns,based on questions sent to CRA. That study found that if you phoned for an explanation 25% of the time you recieced incorrect info.The best part is that CRA did not like the bad publicity,so did thier own study,only to find thier phone up help was wrong 45% of the time. Ba da bing lol
I'm planning for taxes next year and I was interested in buying IEP for income. How are distributions from IEP treated under the "unearned income" tax? Are they considered "unearned" and taxed at the extra 3.8%? I can't seem to find that info and I figured some of you just did your taxes and would know. I don't really want to do a K-1 but I will if it saves taxes. I got hit pretty hard this year on dividends etc. Thanks!
DFS should be 100+ but they need someone like Icahn to come in and show them how to unlock the value already sitting in the company. The stock trades at a PE of 11 whereas most of their competitors are double that.
to come teach management a lesson about how not to overpay when your stock price is diving.
ridiculous, and ironic.
I bought some today at $88. Hope it can drop to below $70 as Barron predicted. It would be really nice if it can drop to $35.
To see why BioLargo (BLGO) is going to explode in price from below 40 cents very soon copy, paste and google – Desalination Industry Screams For Cost Cutting Innovation: Lockheed And BioLargo Hold Key Technologies
BioLargo holds the key to both industries for lowering costs dramatically and shareholders will be rewarded with big gains in 2015.
Don't miss this huge opportunity even if you only buy a few shares for your portfolio. BioLargo shares could easily trade over $5 this year.
Be advised there is a crazy person on the BLGO message board that is monopolizing the board with untrue derogatory and misleading comments.
Sentiment: Strong Buy
There is a Pirate premium! He has secreted away some booty that is hidden inside this LLC. Will he share it or take it to the grave?
Thanks for the reply. I also used the info on the K1 form from IEP to enter on K1 schedule. But I did not see where to enter cap gains. I am using H&R Block...will take another look.
I am not a CPA but I have been doing my tax return using TurboTax Premiier and I have been handling MLPs by entering the information from the K1 form sent by the MLP to the Schedules K-1 under business items in Turbotax. TurboTax handles that by sending the K-1 info to various forms ( interest, dividends, capital gains etc)
I agree / He is very astute and his record is better than W Buffets. Have a little patience--the energy sector will roar back after they feel Russia and Iran have been given their haircuts.
Buying and selling IEP has complicated my taxes. I would think the gain I received from the sale would be reported on schedule D, however, info from IEP makes me think I should use form 4797.
Any CPA out there that can help?
On February 20, 2015, the board of directors of the general partner of Icahn Enterprises declared a quarterly distribution in the amount of $1.50 per depositary unit. The quarterly distribution is payable in either cash or additional depositary units, at the election of each depositary unit holder and will be paid on or about April 22, 2015 to depositary unit holders of record at the close of business on March 9, 2015.
I dont have an answer as some companies are regular as a clock and others are like IEP. I use a auto reinvest. So the position grows. Currently price pays 6%. annual Div. Good time to buy and cost average down. IEP is well managed and it has the Uncle Carl factor. 6% div. His exposure to oil sector plays like RIG will come back and he will be buying as it does. So IEP with reinvestment is a good play for me.
I am LONG Carl..