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To: spunkets

“Generally these should just be rolled over into the account. Taxes are normally only paid when a check is sent to you and not reinvested.”

I believe taxes on the dividends are due once they are declared even though they are reinvested in the account.


16 posted on 07/28/2012 5:37:11 AM PDT by sun7
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To: sun7

yes, ole spunkets may be getting a little knock on the door from the IRS soon

#jackbootedthugs
#atthepointofagun


17 posted on 07/28/2012 8:28:28 AM PDT by babble-on
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To: sun7
"I believe taxes on the dividends are due once they are declared even though they are reinvested in the account."

This only applies to a 401K and there's no point in distinguishing what part is dividend for tax purposes in that event. Otherwise tax is due in the year the check is recieved.

20 posted on 07/28/2012 1:01:40 PM PDT by spunkets
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