No offense to longs but I'm not inclined to hold this stock - just not my sector. I hear a merger is possible, few here seem to believe that, right? Here's a question - if I were going to sell in the next 30 days, what do you think the best price I can hope to snag in that time might be?
"It is also quite probable that the old feller who used to be banker answered it quite adaquately. Are you a lawyer?" [stillginyit]
No..........but I DID drive by a Holiday Inn Express yesterday.
You are asking a question that only a lawyer with knowledge of your specific estate issues could definitively answer.
However, it is quite probable that the post-death dividends were paid to the estate and have been/will be paid to you by the estate.
If that happens, you should eventually receive a Schedule K-1 from the executor. The character of the income is retained, so that you will still show "qualified dividends" on your personal Schedule B.
At some point, once all the dust has settled, you will start receiving dividends paid directly to you and those dividends will be reported on Form 1099-DIV.
Sorry for the slow response. I don't monitor this board a lot.
That's interesting. I had heard elsewhere that any inheritance becomes the legal property of the heir on the date of death regardless of how long it takes to close the estate or reissue stock certificates. The heir might not be able to lay hands on it, but it is theirs. So I don't see how dividends on "my" stock can be paid to anyone else.
You left out that you are self-centered piece of