On 9/24/2024 8:23 PM, R Losey wrote:
I think it could still be a stock - you'll just need to make sure the
settings are correct -- and, of course, you cannot update the price online.
Dividends fall into three categories that I can think of (and I'm using
what I need for the US; not sure about your situation)
Look, he said "partner" as well as ''stock" which looks to me like
probably an incorporated partnership. The stock in a case like that
simply indicates % owned (partnership share) and possibly that it is
transferable (partnership would need special rules for that) though once
upon a time "joint stock companies were common.
These are usually PASS THROUGH entities for tax purposes. In which case
(unlike a regular corporation that pays tax) it's not just the dividends
received tat are taxable but the total gains, whether distributed
(dividend) or retained. Think about how taxes work for a partnership
(the partnership doesn't pay tax on gain, the partners do)
It is why I am saying CONSULT A PROFESSIONAL
Michael D Novack
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