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taxes question

 
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Aske
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taxes question
« on: April 05, 2007, 03:31:00 PM »
so in late november philips bought a company i have about 10 shares of stock in.  they sent me a letter (to my old texas address) saying if i surrender them I can get cash.  I kind of forgot, then put it off... blah blah.    if i send it in now,  I don't need to worry about it till next year's taxes, right ?
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stroh
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Re: taxes question
« Reply #1 on: April 05, 2007, 03:35:59 PM »
Should be tax liable in the year of disbursement.
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Fuzzy
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Re: taxes question
« Reply #2 on: April 05, 2007, 04:40:38 PM »
stroh is wise indeed. Cool

The date you sell/cash in is the key. No matter what, if you still have the stock you don't have to worry about 2006 taxes for this stock.
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