Archive for June, 2007
Corporate Bonds Versus Stocks
June 27th, 2007
CMA Passive Fixed Income Portfolio, High Income, Dividends
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Corporate Bonds Taxation
June 14th, 2007
Question: Taxation on stocks and bonds?
November 30, Faye gave Todd, her son a $10,000 face amount corporate bond, six percent interest was payable on Jan 1. Also on November 30, she gave him common stock of ABC corp. On November 29, stock dividend was declared on stock payable on Dec 10 to stockholders of record as of Dec 5. Todd collected $600 in dividends on Dec 10. How much interest & dividend income must Faye report and in which year if any.
Answer: Faye won't have reporting requirements, Todd will. And Donna should do her own homework, if she wants to pass the course.
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