For purposes of computing the holding period, you may not count the day on which you purchased the shares or acquired them by reinvesting dividends, but may count the day you sold the shares. Put 60 years of money management expertise to work for you. Many corporations that have been hoarding cash such as Microsoft will be pressured by shareholders to pay the cash out as dividends. The index cannot be purchased directly by investors. This tax alert was provided by counsel of Ropes and Gray.

To determine your individual tax situation, please consult your tax adviser. System response and account access times may vary due to a variety of factors, including trading volumes, market conditions, system performance, and other factors. People who own stocks, bonds, or mutual funds, may receive dividends from those investments. Use of editorial content without permission is strictly prohibited. If you have questions about your specific tax situation, please consult your tax adviser. When it comes to investing for income, investors have several choices. The following is a brief summary of the tax provisions of the Bill most likely to be relevant to our clients. Dividends are reported on Form 1040 Schedule B and Form 1040 lines 9a and 9b.