this question is referring to income tax.
2006-11-06 10:14:25 · 6 answers · asked by shameyrae d 1 in Business & Finance ➔ Personal Finance
Yes, you should get a form in the mail in January. Be sure to enter this on your tax forms. Unless you have a lot of money in the account, it will not effect your taxes.
2006-11-06 10:39:12 · answer #1 · answered by Joe S 6 · 0⤊ 0⤋
All dividends are taxable regardless of any amount of savings, all interest is taxable from the yield of the dividends.
2006-11-06 11:18:46 · answer #2 · answered by dinaro5 2 · 0⤊ 0⤋
Yes they are taxable.
2006-11-06 11:18:52 · answer #3 · answered by EAA Duro 3 · 0⤊ 0⤋
Yes, but only if over a certain amount. I do not know the amount.
2006-11-06 10:21:19 · answer #4 · answered by curiositycat 6 · 0⤊ 0⤋
Yes, you'll probably receive a 1099-DIV just in time for taxes. :)
2006-11-06 11:19:32 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Yes a gain is a gain.
2006-11-06 10:24:44 · answer #6 · answered by Vegastitan 2 · 0⤊ 0⤋