A Shareholder's Basis in Property Received as a Dividend Is

question 85

True/False

A shareholder's basis in property received as a dividend is its fair market value on the date of the distribution.

---

Definitions:

SNAP

stands for Supplemental Nutrition Assistance Program, a federal aid program in the United States that provides food-purchasing assistance for low- and no-income people.

Income

Funds received regularly as a result of working or making investments.

Objective Eligibility Criteria

The predefined and transparent standards used to determine an individual's or entity's qualification for a program or benefit.

Public Assistance

Government-provided support aimed at individuals or households with inadequate or no income.