The Recipient of a Taxable Stock Dividend Includes the Value

question 73

True/False

The recipient of a taxable stock dividend includes the value of the stock received in gross income and that amount becomes the basis for the stock received.

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Definitions:

Scientific Medicine

The application of scientific research and evidence-based practices in the prevention, diagnosis, and treatment of diseases and health conditions.

Health Care

The maintenance or improvement of health via the prevention, diagnosis, treatment, recovery, or cure of illness, injury, and other physical or mental impairments in people.

Alternative Therapies

Health treatments not widely taught in medical schools, not generally used in hospitals, and typically not reimbursed by medical insurance companies.

Shareholders

Individuals or entities that own shares in a corporation, giving them partial ownership of the company and usually rights to dividends and voting on corporate matters.