Unless you own more than 1300 shares PTF and filing 'single', or 2600 shares PTF and filing a 'joint' return you'll get back ALL of your withheld taxes back as a "TAX CREDIT"
If you own more than 1300 or 2600 shares PTF your YIELD drops to 9% (or 9.4% if you're in a 25% tax bracket and deduct the 'excess withholding tax").
My point? Your TRUE YIELD.
michweather says: "NHY I do not like"
Simple solution... put me on Ignore and you will never hear or see another word from me every again for the rest of your entire life!
P.S. I don't like people that claim to love a stock and pump their holdings so others buy at higher prices just so they can sell at a higher price!
ironroad45 says or should I say LIES: "econostudent would come under attack from NHY for posting geo-knowledge of the oil industry; NHY would say, "I've been in the business for SOOooo many years with a staff of many" and that econo had NO KNOWLEDGE of the business"
Please show one single post where I supposedly said this! You can't because it never, ever, ever, ever happened even close to that.
In fact, it so happens econostudent and I were attacked by jerks like you repeatedly, including your JD Carter who always attacked econostudent's posts.
Strange that econostudent and I corresponded more privately off the boards than on and continued to do so after he gave up on posting here on these boards.
Most of the knowledgable posters left these boards because they were attacked by the amateurish know-nothigs like you and JDCarter who could not stand anyone that dared post anything negative about their stock picks! These boards are still loaded with such amateurish cheerleaders.
If you have been around these boards that long and posted that message that started this, you are not "ignorant" of CanRoys. Instead, you are mentally challenged or whatever the politically correct term is for someone with a very low I.Q. since you still don't understand the simplest tax consequences of owning CanRoys when they have been discussed and explained hundreds of times since then!
Finally, you must be really, really dumb to continue to read my posts since you say I offer nothing. Your message demonstrates you have read my posts for years. WHY not put me on ignore? That speaks volumes about you in addition to being one huge LIAR!
It is also obvious you do not even have a large enough investment in CanRoys to have ever had to fill out a Form 1116.
There are NO DEFINITIVE answers for Form 1116, as has been discussed many, many times. It is entirely dependent on the individuals tax return. Geeze!!!!
Suggest you put me on Ignore or does my showing you to be such a jerk satisfy your masochistic needs.
You are now on my Ignore with the other jerks of these boards. I have no time to waste on such fools and LIARS. I am here ONLY for those who want to read and learn from my posts. Anyone with even a half of a brain that doesn't want to read or learn from my posts would have put me on Ignore!
And that goes for all my other detractors that continue to read my posts! That just tells me that also want to learn from me! So I take their attacks of my posts as compliments. They are obviously afraid of missing something I am teaching or else are very low IQ individuals or have huge egos and little knowledge (I won't mention names)... and those people I pity. I only pity more those newbie readers who give them credibility!
Bye ironroad45. It is really a shame that being so bitter and resorting to making up lies is the only recourse you have to defend your fragile ego. Don't worry, I'm used to such scumbags like you doing such instead of saying "Thank You for correcting my misunderstandings and teaching me about CanRoys through your posts over the years." It goes with the territory on these boards!
rt I also have been around these canroys for as long as you I'm sure.
NHY's post are cankerous(spreading sore from the mouth)at best. He's chased many great posters from the canroy message board...econostudent would come under attack from NHY for posting geo-knowledge of the oil industry; NHY would say, "I've been in the business for SOOooo many years with a staff of many" and that econo had NO KNOWLEDGE of the business(but econo had a great deal of knowledge to share on the geo aspect of oil).
And how long has it been since we've seen the likes of the great 'cut & paste' artist of JDcarter(milberg last year?). NHY was on them like a cackling hen.
NHY is fast to attack with his dribble of "...your imformation is incomplete or wrong.." but VOID with "hard facts".
As for being insulting; NHY did 'slur'...check the post in question.
And did we get any anwser as to the requiriments of line 46 on the 1040? Did he answer any specifics of form 1116? NO! Just "wind bag"...well nuff said.
As to me swinging baseball bat, HA! Words hardly compare.
NHY is USLESS! He/she has made NO specific contributions to these canroy boards other than senseless, vauge, insinuations.
NHY can rot in "iggy world" and I will NOT miss any pertinent information about canroys.
And for as long as you've been on these canroy message boards, you know many share my sentiments about NHY.
ironroad45 says: "Unless you own more than 1300 shares PTF and filing 'single', or 2600 shares PTF and filing a 'joint' return you'll get back ALL of your withheld taxes back as a "TAX CREDIT"
That is only the case if someone only owns one foreign security that pays interest or dividends! Why would anyone put all their eggs in PTF?
"If you own more than 1300 or 2600 shares PTF your YIELD drops to 9% (or 9.4% if you're in a 25% tax bracket and deduct the 'excess withholding tax")."
Again, not so! If tax credits exceed $300/$600 you must file form 1116. That will determine what credits you get. It could be 100%!
"My point? Your TRUE YIELD"
My point, you cann't determine "true yield" whan you are using incorrect assumptions. :-)
need high yeild says: "My point, you cann't determine "true yield" whan you are using incorrect assumptions. :-)"
Buddy, you seem to be 'sluring' your words...is that due to your drinking, meds, or are just getting old?
Aside from your 'slured' presention,(which is quite hollow; as it does NOTHING to "clarifiy" YOUR ASSUMPTION; "...you cann't determine "true yield" whan you are using incorrect assumptions...")
So need high yield why don't you clarify details of requirements for Form 1116. Or go back to your "private message board" and keep your senile, 'blurd', and VAUGE ideas on your OWN "private message board".
Another words; "Put up or shut up." Give us the details of line 46 on the 1040 and the details of form 1116.
There is NO withholding on ZTR's dividend, but there is NO "TAX CREDIT", you'll have to pay the taxes on the dividend at the end of the year or your 'quarterly estimated'.
My point? ZTR is "as good" as PTF...WITHOUT THE WORRY...of management going to the 'offering' well and diluting DISTRIBUTION!
ironroad45 says "My point? ZTR is "as good" as PTF...WITHOUT THE WORRY...of management going to the 'offering' well and diluting DISTRIBUTION!"
That is hilarious!!!!
Here this fool doesn't even understand what he owns.
You want to make a 12% "yield". Send me $100,000 and I'll send you $1,000 monthly back! Doesn't matter whether I make 12% on your money or lose 12%, you will still get that $1,000 monthly, at least until your money is all gone. That is THE REALTY what you have with ZTR, you are just too dumb to know that.
And if you think that is "WITHOUT THE WORRY...of management going to the 'offering' well and diluting DISTRIBUTION!" that means you really haven't done your homework on ZTR. Closed-end funds regularly raise additional funds and you need to come up with more money to avoid dilution!!!
Oh, I one more thing, You forget to deduct taxes from that distribution, not dividend, since you did so with you calculating the PTF yield!
I could go on but I think readers will get the point... here is yet another case of the "blind trying to lead the blind" on these boards.
P.S. If I were you, I'd take my IQ off the end of my Yahoo name.