> Yes, you still own it, but your cost basis has declined, so you will have greater capital gain (and more tax to pay) when/if you sell, than without the 'return of capital.' In fact, held long enough, your cost basis declines to zero, at which time you owe capital gain tax even if you don't sell, and you 'reset' your cost basis... all this info per my K-1 instructions from Pengrowth, which I need to haven't had time to understand completely... any help out there??
Sort by:
Latest | Highest ratedEight Monthly Dividend Stocks [View article]
On Mar 10 09:59 AM DownOnMyLuck wrote:
> Yes, you still own it, but your cost basis has declined, so you will have greater capital gain (and more tax to pay) when/if you sell, than without the 'return of capital.' In fact, held long enough, your cost basis declines to zero, at which time you owe capital gain tax even if you don't sell, and you 'reset' your cost basis... all this info per my K-1 instructions from Pengrowth, which I need to haven't had time to understand completely... any help out there??