Would You Sell This Stock?
I recently witnessed one of the most distressing tax return sessions I have experienced - an elderly woman on a very modest pension that is partially fueled by dividends from a stock portfolio, including a stake in the company shown above. While she normally has to pay no tax at all, this time she owed more than $6,000 - and not because of the changes in tax laws, either. Her broker caused her pain. Brokers will often cause you pain, too, if you accept their. advice blindly.