Do I Pay Taxes on Reinvested Dividend Income

A dividend reinvestment plan (DRIP) is a popular investment strategy for taxpayers that invest in dividend-paying stocks.

Instead of the shareholder receiving a cash dividend directly into their cash account, the dividend payment is automatically reinvested into the same company to buy more shares.

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DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment purposes only. No such communication is provided in the course of an attorney-client relationship, and no communication is intended to constitute legal advice. You should speak with your own tax and legal professionals to discuss your circumstances before performing any of the tax, legal, or accounting strategies demonstrated in this video. Thank you.