OCR Text |
Show BUREAU MAKES RULING ON STOCK DIVIDEND TAX WASHINGTON". Aug. 18. Carrying out its announced intention of taxlnx Income from stock dividend transactions transac-tions the bureau of internal revenue hua made public rules tc be followed ln such cases Stock received as a divider.t does not constitute taxable ii.rome of the Stockholder, the bureau stared, hut any prcfH derived hv the stockholder? from the sale of such stock is i lapsed a;- taxable incur,. c to liSm For de terminlng the gain oi loss derived from the sale of such stock the bureau bur-eau will base ,ts calculations on the cost of both the eld and the new shares In the llghl of their fair market mar-ket as of Mpreh 1913 oo |