is complicated when you buy and sell PGH.
You will have two things to report on your tax return:
1. The dreaded form K-1. The K1 form tells you the share of income and expenses attributed to you as partner for the number of days you owned the stock. The numbers go on your 1040 somewhere - don't ask me where - my tax preparer has figured it out.
2. You capital gain. This is your proceeds of sale minus your costs basis. Your cost basis is your acquisition cost PLUS the total income attributed to you in the number of days you owned it MINUS the total amount of exepnses attributed to you likewise..
3. If you have a capital loss in 2, you can fill in a Canadian Treasury form to get a refund of part of the witholding tax you may have paid on distributions. When you get that refund, you have to reduce the foreign tax credit (if anY) you claim in the year you receive it.
If you can't handle the complexity, don't own PGH in the US outside an IRA. If you own it in an IRA, always sell it monthly the day before ex-div and buy it back on ex-div or after for at least the div less than you sold it for.
WHAT??? Ca you please explai your part on sell day prior to EX-Div day and then buy back? Why would you do that since in IRA already? Mine is in a ROTH IRA...so tax or DIV issues are mute for me....thanks!
In it for the distribution. As long as that stays the same, I'd actually be happy if PGH dropped a bit. Can get better yield that way of course. So good luck with your short & associated paper profits, but I prefer my distributions.
Sometimes a good earnings can soar a stock 10-20%
You short oil at the wrong time when the stock is reporting and expected good results. You can lose 10-20% doing that.
Ask those who sold ATN before earnings- they lost about 20% since then.
>>>Brilliant. Why don't you short gold too. Just picked up 5,000 more PGH - watch it gap up after the earnings report.<<<
Don't look now... But shorting oil & "GOLD" is working a lot better then 5000k PGH long. Nice gap up!!! "LMAO"
See you at 16.00 PPS or lower on PGH