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QUESTION
Judd Harrison owns 200 shares of stock in the Widget Company for which he paid 1600 in 1999.
Judd Harrison owns 200 shares of stock in the Widget Company for which he paid 1600 in 1999. The board of directors of the company decided to pay a 10% stock dividend in April 2010, for which Judd received 20 shares of stock. Was this a taxable stock dividend? Explain.
