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+--- Thread: Well that was cool... Apple owes me $343 in dividends and I didn't know it (/showthread.php?tid=224482)
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Well that was cool... Apple owes me $343 in dividends and I didn't know it - stephen - 01-04-2019
Most of my Apple is in an IRA but I have a small regular holding. I thought all the dividends were being reinvested, but when I went to Computershare to check on my dividend for another stock, I had to re-register and discovered I had several years of uncashed Apple dividend checks. 3 were so old they were just lost, but the rest are coming to me in the form of a replacement check. Yippee!
Hmmm... wonder if I need to report them all as dividend income this year. Will ask my accountant.
Re: Well that was cool... Apple owes me $343 in dividends and I didn't know it - Speedy - 01-04-2019
Gosh, I hope you don’t have to amend returns and pay penalties, both fed and state.
Re: Well that was cool... Apple owes me $343 in dividends and I didn't know it - NewtonMP2100 - 01-04-2019
.....you report them in the year they are earned, so you have to amend.....or if they are so old, may not be worth it....
Re: Well that was cool... Apple owes me $343 in dividends and I didn't know it - stephen - 01-04-2019
That would certainly suck, but the amounts are very small per year. I'll do whatever I have to.
I just went and checked my brokerage - and it appears I've been reporting the dividends every year for my return - just not getting the cash!
Re: Well that was cool... Apple owes me $343 in dividends and I didn't know it - Speedy - 01-04-2019
stephen wrote:
That would certainly suck, but the amounts are very small per year. I'll do whatever I have to.
I just went and checked my brokerage - and it appears I've been reporting the dividends every year for my return - just not getting the cash!
Whew!
Re: Well that was cool... Apple owes me $343 in dividends and I didn't know it - NewtonMP2100 - 01-04-2019
.....so an AAPL a day does keep the **** away......
Re: Well that was cool... Apple owes me $343 in dividends and I didn't know it - TLB - 01-04-2019
The funds from the expired checks should have gone to your state's unclaimed funds account and you should still be able to recover the money if you want to file the forms.
Re: Well that was cool... Apple owes me $343 in dividends and I didn't know it - stephen - 01-04-2019
Holy crap. This is not from my USAA brokerage account or from my Schwab IRA.
You know what this is? I bought one share of AAPL, sometime in the 1990s, and it's split to 28 shares.
I have no idea in what brokerage it is held, or if I have a stock certificate somewhere. Maybe in the back quadrants of my memory I remember buying "a share" directly at some point. Was that something we did on the DM forum, or something like that?
Re: Well that was cool... Apple owes me $343 in dividends and I didn't know it - NewtonMP2100 - 01-04-2019
.....Make it one for my baby.....And one more for the road..........
Re: Well that was cool... Apple owes me $343 in dividends and I didn't know it - stephen - 01-04-2019
Just checked with a broker friend.
Computershare is a custodian for direct stock purchases, so I bought one share directly from Apple during the dark days.
Wish I'd bought more!!!