Have not sold a single share of MO or PMI since I purchased the original stake in '97. Reinvested dividends since then, become a huge part of corp 401k account. Employees like me.
Not much different from refinancing real estate: pay off higher note by getting lower rate for more years. The key is to survive the downturn.
Hmm, I think mine is correct. The sales worksheet says that the numbers go to 6251 line 17. My way affects the value that TT puts there whereas your way ("Net Gain from Disposing of Investment Property") does not.
In any case, this entire KMP exercise made me realize that I forked up last year's sale of EEP (overpaid!) and I need to file amended 2013 returns.
The only issue is how solid is the book value. BV is a bit easier to assess with liquid marketable assets but as we know, the values of these things can fluctuate.
Ok switching to interview mode, I got to a page titled: Enter Gain or Loss Adjustments. Based on the sales worksheet, I put some of column 11 in short term, the rest in long term. Is this correct? Thanks!
I have everything inserted but not clear what I am supposed to do with column 11 on the sales worksheet. Following through TT, form 6251 line 17 says that it comes from the 6251 Worksheet. Those numbers come from the AMT schedule D and the regular schedule D. The numbers on those scheduled were calculated for me based on the data on the Form 1099-B worksheet. So am I still supposed to do something here? Thanks.
Slowly crawling out of the wreckage. Another 10 or so dollars and I will have round tripped! Shoulda, coulda, woulda I had bought more when it went down to $3-4.
Many "workers" are shareholders, either directly or through IRA, 401k, etc.. plans. Even public sector unionized employees are shareholders.
Forced sale of KMP units which created an enormous cap gain and ordinary income recapture. Clearly cap gains are good but the recapture (deferred taxes) in one lump sum is not so good.
I agree with the govt protection angle. At the time of the MSA (1997?), I did not at first appreciate the brilliance of it. I thought they were consorting with the enemy but then once I understood the MSA, I realized the genius of it. It made the tobacco industry partners with the 46 states! Now those states would be beholden to the tobacco cash flow and would protect it! Sure they would make token efforts at cutting smoking rates but the reality is that they wanted people to puff away. It was not long before various states sold bonds secured by projected MSA cash flows. Oh to have been a fly on the wall when whoever it was first conceived of the MSA; whoever it was must have jumped up and yelled "Eureka!"
I don't know if it's short covering but I am in awe of MO's steady move up. P/E 20, it's amazing for a tobacco company. I'm not complaining, been a shareholder since '95 and I recall P/E being
Likewise, bought another 200 this morning. I had a GTC order that I placed awhile ago and it popped ~32.60.
Dividends vs reduction of shares outstanding. My NE is in a retirement account so I prefer higher dividends that I can choose to reinvest in more NE if I want to do so. If NE does the purchasing with money that could have come to me as dividends, then I no longer have the choice of what to do. As this is in a tax-deferred retirement account, current taxes are of no concern .