Series 7 Exam Prep Death & Taxes. No, Just Taxes. SIE Exam, Series 6 and 65/66 too.

Series 6 candidates you do not need to worry about any partnership or DPP tax questions. Ignore or skip that part of that lecture on the third basket called passive, The testable issue about cash dividends is that they are taxable. If you meet a holding period requirement (60 to 90 days) the dividend is qualified and taxed at a typically lower rate than the owner's ordinary income tax rate. Most dividends received would be qualified. The testable issue is know that cash dividends are taxable when received and stock dividends are not taxable when received. Cash dividends are a taxable event. Stock dividends are not a taxable event. 0:02 Opening 1:45 Paycheck and you working for your money Reducing your paycheck or taxable income Taking some after tax income and funding various vehicles TSA qualifications 59 1/2 RMD 72 ROTH Ira no RMD Last in First out 20:00 Portfolio money working for you Tax consequences 20:20 Realized gains or losses Short term Long term $3,000 can offset gains and carryover if more than $3,000 27:49 Tax consequences of stock Dividends paid to another corp over 50% tax excludable 34:18 Tax consequences of bonds Fed tax exempt, munis, territory State tax exempt, munis, territory, T-bonds GNMA monthly income produced is fully taxable 39:59 Tax consequences on mutual funds Short term vs long term holdings. IRS selects FiFo if you don't D.I.E. 90 Reinvestment of capital gains and Dividend is taxable. Constructive receipt. Very Testable Dollar cost averaging Very Testable Transfers between funds within family is taxable event 47:26 Tax consequences of options contracts Cost basis is breakeven 51:28 Tax consequences of Partnerships or DPP's Matching PIGs with PALs Passive losses do not reduce paycheck. Only offsets other passive income 59:14 Final Overview