Would this distribution be taxable or non-taxable?


0

0b3hks001

A corporation is "reducing the nominal value of the registered shares
by $0.48 per share; and use the nominal value reduction amount for
repayment to the shareholders".

Would this distribution be non-taxable (i.e. reduction of basis)? Or
taxable? If taxable, would it be a dividend or capital gains
distributions?

TIA
 
Ad

Advertisements

R

removeps-groups

A corporation is "reducing the nominal value of the registered shares
by $0.48 per share; and use the nominal value reduction amount for
repayment to the shareholders".

Would this distribution be non-taxable (i.e. reduction of basis)?  Or
taxable?  If taxable, would it be a dividend or capital gains
distributions?
It sounds like a return of capital to me, but I could be wrong. Did
you ask management whether it is a return of capital, dividend, or
capital gain?
 

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Top